NXM nexus minerals limited

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7.1¢

This management is very conservative imo. For them to mention...

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christophe

16,487 Posts.

678

05/01/16

14:50

Post #: 16731743
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Originally posted by vontrader ↑

The market is a strange beast

Have a look back at BBX's announcement in October whereby they reported "visible gold"

The stock ran from 4c - 16.5c on anticipation of their assays. At 16c they were capped at $32M+ with next to no cash

Subsequently their "visible gold" disappeared and it tanked, but the market rerated it big time

View attachment 129460

Compare that to NXM

NXM in their historical results at Pinnacle encountered high grade gold

View attachment 129461

Now in their recent update, they confirmed they've encountered "favorable geology"

i.e favorable geology could imply more results in line with that of historicals, which in turn would imply potentially visible gold at those grades

Yet on that confirmation to the market, NXM did not rally at all. In fact it dropped lower, further below our cash backing of 8.5c

Is management being conservative and will wait for assays (unlike other companies exampled above). Had they reported "visible gold" then the stock would easily be double digits

If we were to be worth the equivalent of BBX at it's highs, that would be 51c/share (including the cash)

The fact NXM is trading under cash backing, with those sort of comments from management about pending results make it a gift

Expand

This management is very conservative imo.

For them to mention something like that on the announcement there must be a good chance for some decent grades if not exceptional in these results.

More importantly it will expand and increase the resource which I think was open in most directions anyway.

NXM Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 7.1¢		Change 0.000(0.00%)		Mkt cap ! $42.86M

Open	High	Low	Value	Volume
7.0¢	7.5¢	7.0¢	$23.85K	328.0K

Buyers (Bids)

No.	Vol.	Price($)
3	29931	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	109633	1

View Market Depth

No.	Vol.	Price($)
3	29931	0.070
1	40000	0.067
1	195000	0.066
3	330800	0.065
1	450000	0.062

Price($)	Vol.	No.
0.071	109633	1
0.074	17500	1
0.080	70000	2
0.084	20386	2
0.085	18418	2

Last trade - 15.55pm 27/06/2025 (20 minute delay)

NXM (ASX) Chart

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This management is very conservative imo. For them to mention...

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