NXM nexus minerals limited

Ann: Nexus to Acquire Wallbrook Gold Project from Saracen, page-2

  1. 4,870 Posts.
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    Interesting news.
    I'm not sure I like the 8.4c but it is at an 11% premium to the 30 day VWAP and one would imagine they will go to sticky hands.
    What i do like is:
    Transaction facilitates access to Saracen’s regional infrastructure and haul road network



    I also like that the options are priced at just over twice the price the shares are being issued at and that ASX:SAR is building on its existing relationship with NXM.

    Wonder when we will hear about the follow up drilling at G5 and G6?  Can't be far away.

    Perdy
 
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