NXM nexus minerals limited

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Ann: Pinnacles Drilling Completed - High Grade Intersection, page-66

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perdant

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14/10/17

18:54

Post #: 27908298
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Originally posted by perdant ↑

I spent some of today looking through the last 10 years of NXM ann's.
Until 2012 Nexus was known as Hemisphere. They changed their name to reflect their focus on African gold projects not because they had 3.9b SOI.
For a company to have been around this long and still have less than 100m SOI is pretty impressive.
They had a dabble with iron ore (raised at 70c around this time), went looking for gold in Africa, spun off a gold company Aruma (ASX:AAJ) sold half those shares to raise ~$1.5m when they needed cash ... BUT
The bit i like most is that Andy Tudor(Ex Navigator, same as Tom Sanders from BRB) put his hand in his pocket to the tune of $30,000 on the last CR to advance the pinnacles project then they raised $1.5m to SI's.
I like seeing Directors backing their judgement.
Bring on the rest of GT5's and if we're lucky, we might get a sniff of some results at GT6 around the same time.
Trying not to get too carried away but i'm keen to see where this goes. Im happy i backed up the truck
Have a great weekend.

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Couldn't find where Andy was speaking but this is coming up this week in Hong Kong!:
https://www.weare121.com/121mininginvestment-hk/speaker/andy-tudor/

I don't think Andy looks very comfortable in a suit!

Last edited by perdant: 14/10/17

NXM Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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Ann: Pinnacles Drilling Completed - High Grade Intersection, page-66

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