NXM nexus minerals limited
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Hi PerdyIts almost a given that a Credit Raise must happen...

  1. Cha Cha Charlie
    322 Posts.
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    23/06/22
    17:31
    Post #: 62169276
    Hi Perdy
    Its almost a given that a Credit Raise must happen before the June Quarterly and Cashflow Reports are released to the market.
    They are usually at the same time.
    If not NXM will get a please explain due to Insolvency concerns from the regulator.
    At the current cash burn rate of 3M - 3.5M per month NXM does not have enough Funds to Finance the upcoming Sept. Quarter expenses.

    NXM Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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