NXM nexus minerals limited
Add to My Watchlist 1.39% ! 7.1¢

Not just 5m in cash, Andy has made the specific point that the...

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    9,325 Posts.
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    20/10/20
    23:11
    Post #: 48250775
    Not just 5m in cash, Andy has made the specific point that the JV with SAR means that production is a very low capex proposition. However much that is, there's no reason to raise it until next year and the dliution will be minimal against what the market cap will be then.

    There are other reasons to raise capital but if you've got $5million in the bank and do it then it's almost certainly to get mates in and that would be a red hot buy signal.
    NXM Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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Last
7.1¢ 		Change
-0.001(1.39%) 		Mkt cap ! $42.86M
Open High Low Value Volume
7.2¢ 7.2¢ 7.1¢ $16.50K 230.8K

Buyers (Bids)

No. Vol. Price($)
2 16000 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 102000 2
View Market Depth
Last trade - 15.13pm 26/06/2025 (20 minute delay) ?
NXM (ASX) Chart
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