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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NXM
nexus minerals limited
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A few things:- AT talks about next big program in October,...
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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¢ | $65.23K | 824.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.077 |
1 | 500000 | 0.076 |
1 | 200000 | 0.075 |
1 | 40000 | 0.074 |
1 | 185000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 100000 | 1 |
0.080 | 610000 | 3 |
0.084 | 20386 | 2 |
0.085 | 18418 | 2 |
0.086 | 12000 | 1 |
Last trade - 15.31pm 20/06/2025 (20 minute delay) ? |
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NXM (ASX) Chart |