Is NXM is being shorted and the SP being manipulated ?
Insto's / shorters could be pushing the SP down to get a better buy in price on the CR ?
Maybe the real value of NXM will start to eventuate ONLY after the Capital raise is done and dusted ?
How much will NXM need to raise though as burning $3 million per month is going to need a lot of shares to be sold at these latest prices to raise even 6 months of money.
Could be a bigger share dilution than anyone expected even a short time ago now on the cards.
Let's hope not.
All of these factors are definitely NOT helping the NXM share price.
I'm a long time holder though and will see this through to our eventual shareholder payday.
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