Ann: Exploration Update, page-32

The 10c close could be a little window dressing? (minimum order, close to the end of trading).

	3:59:03 pm	0.1000	5,000
1	3:58:32 pm	0.0980	127,779

There could be a little DCB (Dead Cat Bounce) over the next few days also.

Whilst i agree with previous posters that months could pass before we get a positive movement in sp again (due to today's ann and delays with assays in any upcoming drilling commencing in a few weeks), i do not agree that this is a lifestyle company!

I have held NXM for more than four years and one thing i can say with certainty, is that NXM are extremely frugal with their funds!

Find me another company that has been around since 2012, that until the last two CR (within six months) had less than 100m SOI after being listed for 9 years (with no reconstructions to capital) and I’ll do my DD with that company.

New punters to the register may have left today (sadly, i could not assist them as i'm more than fully invested), and long term holders may be still coming to terms with today’s ann, but i think (confirmational bias aside) that the newly declared change in direction is in the best, long term interests of the company.

The fact that the feasibility study suggested option 3 … go straight to underground, as the best strategy, may have forced NXM’s hand?

There is also the NST and SAR merger pending … what does tat mean to the pre-existing ore sales arrangement with SAR?

The Wallbrook area has company making potential. Paint will be the the company maker.

Time will tell, as always.

Anyway, happy to wait this one out.

Good luck longs and good luck to those today who took $ off the table today.May your new trades be profitable and perhaps we’ll see you back here later this year.

All the best,

Perdy