Invitation to lunch, page-2

First 2 Last

Share
Profile

Follow
smulv

1,933 Posts.

552

21/06/23

11:06

Post #: 68395085
Share

Originally posted by Fosss: ↑

Well well well how things have changed.
It was back in November last year that I was invited to have lunch with my broker, and two other rather large NXM shareholders with Andy Tudor and Lara Phillips- Wells.
The meeting took place at the Raffles Hotel.
The general thrust of the conversation was that NST had come knocking on Andy’s door (again) and were rather keen to do a deal with what NXM had at Crusader-Templar. From memory NXM’s share price was trading at around 17cents.
We were told that NST were rather keen to put a ring around Crusader-Templar and pay a significant amount of money for just that part of NXM’s tenements.
The numbers being bandied around were somewhere north of $50-70 million.
This was going to give NXM the ability to carry out further drilling at Branches and the other higher priority targets at the Wallbrook tenure whilst spinning out the Bethanga stuff into a separate identity with the aim of an in-specie distribution to existing NXM shareholders.
There was even talk of a 10 cent return of capital to NXM shareholders.
All this was to possibly occur before Christmas last year as NST had trucks that were arriving mid year 2023 to start mining NST’s Porphyry mining centre which had a grade at around .09 g/t compared to Crusader-Templars 1.5g/t plus.
Needless to say Christmas 2022 has come and gone and none of the above transpired.
Here we are now with a share price at 6 cents and a capital raise that could occur at any time.
I still scratch my head thinking why was I ever told any of this stuff?

Expand

Solid insider trading flex imo.

NXM Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AII

Nasdaq-listed Almonty Industries receives substantial cash injection

ASX Market Open: Downturn as tariffs regime finally pushes US CPI higher | July 16

PH2

Hydrogen at a crossroads: Plug Power, Pure Hydrogen and Nel ASA between opportunity and crisis – Your profit strategy

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $41.05M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.8¢	$3.264K	48.00K

Buyers (Bids)

No.	Vol.	Price($)
1	52715	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	20042	3

View Market Depth

No.	Vol.	Price($)
1	29	0.068
1	52715	0.067
1	43761	0.066
1	45000	0.065
2	6000	0.064

Price($)	Vol.	No.
0.067	28	1
0.068	37997	1
0.070	10559	2
0.072	129761	2
0.073	13000	1

Last trade - 15.59pm 15/07/2025 (20 minute delay)

NXM (ASX) Chart

Invitation to lunch, page-2

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Nasdaq-listed Almonty Industries receives substantial cash injection

ASX Market Open: Downturn as tariffs regime finally pushes US CPI higher | July 16

Hydrogen at a crossroads: Plug Power, Pure Hydrogen and Nel ASA between opportunity and crisis – Your profit strategy

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Invitation to lunch, page-2

Top Stories

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Nasdaq-listed Almonty Industries receives substantial cash injection

ASX Market Open: Downturn as tariffs regime finally pushes US CPI higher | July 16

Hydrogen at a crossroads: Plug Power, Pure Hydrogen and Nel ASA between opportunity and crisis – Your profit strategy

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News