It looks fairly transparent that the half yearly preso is on friday & most companies tend to take this opportunity to announce all kind of achievements that materialised over the last 6 months incl. prodn ramp-ups, financial P/L or any other additional cash stream avenues via farm-in's etc.
Most holders who have read NXS's ann'mnts over the last 6-12 months already are aware of a rough estimate timeline. That on its own has seen a steady buildup last week. Not sure if UBS are advising NXS or someone else.
About 23.5 million shares traded last week.
Looking at the past 3 months high & low, the SP range was 0.345-0.55c & may possibly breach this range nxt week, on news of a decent farm-in.
Something to look fwd to.
cheers
NXS Price at posting:
35.2¢ Sentiment: Buy Disclosure: Not Held
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