Not sure abut any conspiracy theories here.
It looks fairly transparent that the half yearly preso is on friday & most companies tend to take this opportunity to announce all kind of achievements that materialised over the last 6 months incl. prodn ramp-ups, financial P/L or any other additional cash stream avenues via farm-in's etc.
Most holders who have read NXS's ann'mnts over the last 6-12 months already are aware of a rough estimate timeline.
That on its own has seen a steady buildup last week. Not sure if UBS are advising NXS or someone else.
About 23.5 million shares traded last week.
Looking at the past 3 months high & low, the SP range was 0.345-0.55c & may possibly breach this range nxt week, on news of a decent farm-in.
Something to look fwd to.
cheers
further update., page-3
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.88M | |||
| Open | High | Low | Value | Volume |
| 25.8¢ | 27.5¢ | 25.8¢ | $12.21K | 45.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 143465 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |