To be fair you are whining a heck of a lot.
so the expectation was a bigger mre, but Andy wanted MRE with drill spacing 40 X 40, so we have ended up with a modest MRE then a jorc target that will require a bit more drilling to get Andy the high confidence 40 X 40. To be honest the Jorc target is about what punters were expecting in ounces, only they were expecting it all to be MRE.
set aside the dramatic price decline, I don't think the MRE/ exploration target has fallen that short of expectations. We knew the drill spacing, we just probably didn't know jorc requirements to call the whole shebang a MRE.
that being said, the share price did decline and I can't say I'm happy about it, maybe there was a way the company could have explained it or put it into context or something. But they didn't, I see this as an opportunity to buy some more to be honest. A big overreaction has taken place and I see value here again.
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NXM
nexus minerals limited
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To be fair you are whining a heck of a lot.so the expectation...
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Last
7.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.48M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.6¢ | $7.745K | 101.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6500 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 30113 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6500 | 0.077 |
1 | 200000 | 0.075 |
1 | 185000 | 0.071 |
1 | 40000 | 0.068 |
2 | 230800 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 30113 | 1 |
0.082 | 100000 | 1 |
0.084 | 20386 | 2 |
0.085 | 18418 | 2 |
0.086 | 12000 | 1 |
Last trade - 11.21am 19/06/2025 (20 minute delay) ? |
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RML
RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
SPONSORED BY The Market Online