NXM 2.63% 3.9¢ nexus minerals limited

Ann: Wallbrook Exploration Target & Mineral Resource Estimate, page-316

  1. 2,370 Posts.
    lightbulb Created with Sketch. 1797
    not really a lifestyle company and only the MD is on a FT salary and consistent with other small cap MD's

    The project is just a hoax & the constant reference to Carosue Dam and nature that has been implied that NXM has discovered the next Carosue Dam is probably near the biggest hoax in asx gold small cap history and they still haven't taken it out of the investor preso.

    what NXM does not with remaining cash is critical. IMO they must cease all works and abandon the project. Pivot to a Lithium or Rare Earths projects and try to salvage some value for shareholders.

    It's just simply a dud.

    https://hotcopper.com.au/data/attachments/5360/5360803-2aeef2f408196ba73101005d7bb8c0af.jpg
 
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