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0.3¢ nelson resources limited.

*$0.038 sorry. Source:

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Artvandelay01

2,651 Posts.

407

08/01/21

20:09

Post #: 50045676
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Originally posted by Artvandelay01: ↑

Can you please share a link to the interview? I agree it smells a bit funny when you have management saying one thing but doing another.

NES has a big land package so having two rigs means they can potentially have them working in tandem at different targets. To the extent they are under-utilised they can potentially dry or wet lease them out to other explorers as well, though I don’t think we’ll see that as they have plenty of work to do.

I didn’t expect the first or second rig acquisition but like that NES’ management are trying a different approach. It shows a willingness to think outside the box. I first bought into NES by acquiring rights on market to their last cap raise, which was a renounceable rights issue at $0.04 with a 1 for 2 free attaching NESOA option. I’ve never seen a CR structured that way at this end of the market, which is what piqued my interest as it’s a very equitable way to raise equity for retail shareholders where the norm is for retailers to get shafted on placements.

NES has been a great trade so far, if they raise again I’ll be participating if I get access.

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*$0.038 sorry. Source:

NES Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.915M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	1191979	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5210368	6

View Market Depth

No.	Vol.	Price($)
2	1191979	0.003
14	13699273	0.002
13	39535050	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5210368	6
0.005	9950482	9
0.006	2982571	5
0.007	2375881	3
0.008	500000	2

Last trade - 16.12pm 03/10/2024 (20 minute delay)

NES (ASX) Chart

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