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5.7¢ nexus minerals limited

I should also say that Andy has a long history of assessing...

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perdant

4,633 Posts.

724

22/04/21

20:34

Post #: 52662301
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Originally posted by perdant: ↑

From the January quarterly:
Cash: $10.470m
Quarters of funding left: 6.95, or until end Sept2022
$ Spent on new Victorian project:
$5,000 +
$45,000 +
Possible $300,000 and 2,000,000 scrip in December of this year.
Now I understand that Bethanga, Victoria is a long way from home for NXM but:
·$45,000 is not a bad price to pay to explore and do DD until the end of this year
·Given the rather close relationship that NXM had with SAR (now NST), what happens if NST want to snap up all of Wallbrook and Pinnacles? What would NXM have left … nothing!Better to get on the front foot now and start exploring other options now

I agree the SP is struggling, and it could be a month before any assays of the current drilling are available to release.The last CR really put the brakes on a rising SP. However, imagine trying to raise now, which would be highly likely, if the last CR didn’t take place.
This company has been around for over a decade, never reconstructed capital, and still only has ~244m SOI.They spend money frugally and are up over 100% in the last year.
That is why I hold.

Good luck all
Perdy

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I should also say that Andy has a long history of assessing potential projects. See the 2014 announcement of his appointment as MD to NXM.

NXM Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $27.72M

Open	High	Low	Value	Volume
5.7¢	6.4¢	5.7¢	$108.4K	1.787M

Buyers (Bids)

No.	Vol.	Price($)
2	86999	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	28655	1

View Market Depth

No.	Vol.	Price($)
2	86999	0.057
1	18000	0.056
1	100000	0.051
3	293284	0.050
1	180232	0.049

Price($)	Vol.	No.
0.060	28655	1
0.062	50000	1
0.065	50000	1
0.066	100000	2
0.070	14285	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

NXM (ASX) Chart