TL;DR - I think NXM is well oversold. I still back AT. If you want to post (negative or positive) make it insightful / value-add.
If there is a lack of insightful posts, or insightful posts are hidden amongst a deluge of non-invigorating posts, then I (as well as I assume others) stop reading the thread in its entirty. There are several stocks that I hold where this has occured, and sadly NXM is coming close to that as well. I realistically, just don't have the time or energy to wade through thousands of non-value-add posts (yes, thousands when you consider all the stocks I hold).
Share PriceAt $0.60, NXM had the potential to be a CHN or DEG. DDH4 etc were not the perfect drill results needed. NXM has since been hammered. I consider that its been well and truly oversold.
Do I agree with everything that AT has done? Absolutely not. That said, he's done some pretty great stuff. Putting aside all the grey area, the potentials etc. AT has managed to ensure that NXM has
the largest ever peg in NSW history. NXM has an unbelievable exploration holding in the Eastern States, along with what I consider to be a phenomenal gold discovery in WA.
NXM's SP is unusually low, and I consider it to be unreasonable. I still consider that NXM represents great buying at these levels.
Insightful Post(s)While some may dislike
@robbo24 and/or his attitude, he is a refular poster, who continues to provide insightful commentary. For instance, he called out that NST had taken up its full allocation in the recent raise (which required a bit of detective work). First, it impresses me that he undertook the analysis. Secondly, and more importantly, that he bothered to share that with the general public - of which he has no obligation to do. NST is a
massive company in the scheme of mining and exploration; they don't waste money. NST clearly saw value in taking up their full allocation, and this provides me with some reassurance / comfort.
