Ann: More Broad High-Grade Gold Intersections at Crusader-Templar, page-22

I appreciate a number of posters are big fans of NST, et al.
At my last look, nobody/corporation was a major shareholder in NXM. No entity.
OK, some entity may be sitting at 4.9% = below the threshold for reporting as a major shareholder.

Forgive me, but I have always thought an aggressive move would be based on securing 10% of all shares, as a minimum. 10% is a block which prevents a forced conclusion in a takeover. That is, any entity which holds 10%, or more, can refuse to accept Any offer and thereby limit control/piss off the entity wanting to takeover. In effect, management has more detritus to deal with when some dude holds 10%.

Ergo, my logic is, before a company would make a preemptive strike, they should get hold of 5% to 10%, or more. Or, they might have a hard road to hoe.
Now for shareholders in NXM, with no 'major shareholders', this could be great news.
Let's dream two or more other entities have the hots for NXM. Both, or three, or four go all out to get 10%.
Then, for current shareholders, it gets more interesting; the first suitor to get to 20%, according to the rules, MUST make a bid for a majority.
I can't see an offer coming just yet. But should it come, NXM is far from chump change and a suitor starting from sub 5% could do us all a great favour.
Just staying cool on the subject; and waiting for that maiden resource statement.