Ann: Proposed issue of securities - NXM, page-3

Phenom' your take is my take; the cr was done based on information at the time. And I am sure the information was good - by the tough ASX standards.
What appears to have happened is, subsequent to the 24 December ASX Announcement, as several more informed posters have pointed out, some 'traders, or shorters, or rabbits' got into a frothy panic about the drilling results reported 21 December and dumped their shares. Or possibly more specific, got the wobbles about one partial result from ONE hole, while other holes hit 4.6 gm/tonne.
In the old days, some would say the sp went were it was like 'an open bar at a wedding'. Several who have posted here made good use of the rabbits at the head-shaking prices they accepted; most of the buyers did better than me but I am happy.
The twist perhaps is, the Victorian deal is a bit unknown and this gives the naysayers ample opportunity to question the IQs of the Management. My best take, the Management has been much deeper in this game than I, or many posting here. If you have 20 years as an Exploration Geo' , say so. I have not, but I very much like the Kal' play and, so I just have to back the Vic play.
To Dan 351, Akdj, Robb24 and the poets, plus several other posters, I am with you all, 2022 looks like a nice time to be in NXM.
I am not a financial advisor, or an accountant, but I have been around this game 3 quarters of my life and I still smile, have a lot of fun and pay the bills. Please DYOR.
lemons