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5.5¢ nexus minerals limited

Ann: $4.1 Million Placement to Advance Wallbrook Gold Project, page-6

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Dublin11

374 Posts.

27

06/09/24

19:09

Post #: 75567878
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Originally posted by robbo24: ↑

You can look up what the minimum expenditure requirements are on the Department of Mines database. When a company does a CR they need to list what they may/intend to use the money for. I think it just means there's no currently stated campaigns for the money right now.

NST could buy shares if it wanted - how do you know they didn't?

My view is that NST may have made an offer, why wouldn't they buy nearby ounces. The way NXM has approached Crusader/Templar my view is that there's utility in adding value/certainty/analysis to the current resource in terms of $$ for oz in the ground. If NST doesn't buy it, someone else might, or NXM may very well push out a boat of toll treatment or other arrangement. Shallow, easily processed ore - what's not to love.

Pinnacles is one to watch too I reckon.

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Thanks Robbo,

I don’t know if NST took up shares up any shares or not , I just presumed as I think NXM would have mentioned it .

NXM Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $26.74M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.5¢	$1.98K	36K

Buyers (Bids)

No.	Vol.	Price($)
2	295018	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	250000	2

View Market Depth

No.	Vol.	Price($)
2	295018	0.055
3	372322	0.054
1	100000	0.053
1	100000	0.052
1	100000	0.051

Price($)	Vol.	No.
0.056	250000	2
0.057	193859	2
0.058	199507	1
0.059	19998	1
0.060	287155	4

Last trade - 14.24pm 09/10/2024 (20 minute delay)

NXM (ASX) Chart

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