NXM nexus minerals limited

A few things:- AT talks about next big program in October,...

  1. R21
    1,419 Posts.
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    A few things:
    - AT talks about next big program in October, fantastic. But there's only ~6m in the bank.
    - So it's logical that NXM will likely raise capital at some point between now and October. That's perhaps the only certainty in the next 3 months.
    - Last cap raise at 0.46 in Nov-21, it'd be a tough bookbuild at approx half last year's price

    Will we get a big bang announcement to re-rate or will we raise capital at a lower price with a deeper discount?

    Possible catalysts:
    - Regional program results (Solomon/Branches/Clement) any mineralisation continuity >1.6km. AT says as early as next week.
    - About 13 diamond holes pending, most are 2-300m. But if those holes in the 'link zone' >400m find decent mineralisation it's big bang kind of stuff too

 
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Last
7.9¢
Change
0.002(2.60%)
Mkt cap ! $47.69M
Open High Low Value Volume
7.7¢ 8.0¢ 7.6¢ $65.23K 824.4K

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1 25000 7.7¢
 

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Last trade - 15.31pm 20/06/2025 (20 minute delay) ?
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