I know what you mean re small co's popping up with some great results, share price rises strongly but then falls back to earth. Whilst a short term pullback in NXM's price would not surprise me, longer term I expect that NXM's price will rise further. IMO NXM's rise is sustainable because:
- they have reported numerous batches of excellent results (not just 1)
- these results come from 2 different areas now (Crusader and Templar) and it looks like the mineralisation between the 2 areas may join up. They also have other promising results in the area eg Paint as well as other promising projects
- the gold is high grade with significant gram metres Au
- most importantly, NXM are not a newbie co run mainly by spruikers and financiers chasing the metal of the month. Rather, the MD is a mining professional with a track record of success in looking for and finding minerals. As he has said numerous times in the videos, the geological team has been working on these prospects for years - they haven't just struck it lucky, it has been a methodical process which is now bearing fruit.
IMO, NXM is one of the best small cap gold exposures on a risk/reward basis currently listed on the ASX.
GLTA & DYOR
- Forums
- ASX - By Stock
- NXM
- NXM the next multi bagger
NXM the next multi bagger, page-1502
-
- There are more pages in this discussion • 1,948 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXM (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 139945 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.055 |
3 | 372322 | 0.054 |
1 | 100000 | 0.053 |
1 | 100000 | 0.052 |
1 | 100000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 43859 | 1 |
0.058 | 199507 | 1 |
0.059 | 19998 | 1 |
0.060 | 265155 | 3 |
0.061 | 40983 | 1 |
Last trade - 10.06am 09/10/2024 (20 minute delay) ? |
Featured News
NXM (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online