The stock has dropped because of news flow timing even though we have a very strong gold price. That's the opportunity because it will oversell (already has). Chuck in Putin and there is the short term storm. Its certainly not fundamental or gold price related. People wont wait for results in this sort of market, but i suspect we will be back in the 40c range as those results start to get really close next month. It wont take a lot of holes to see that happen imo.
I think we would all like to see NXM add another assay lab to jam the results through. I would line up as many as i could even if i means standing in line for a just to get a position. Eventually those results will build up. They will have a lot of results and that wouldn't hurt. You can also pay to prioritise holes but i dont think thats great use of money when you have a big program like this. That is more useful if you want to test targets to minimise wasting time but NXM already has the discovery. Its more of a large drill out now. This looks more like a multi million ounce deposit rolling out over the rest of the year and that would multi bag the stock from here. NST would want something that significant that close to their mill with any luck. It might not even need to be a multi million ounce deposit to achieve that result. It just needs to add up. dyor
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NXM
nexus minerals limited
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7.9¢

The stock has dropped because of news flow timing even though we...
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Last
7.9¢ |
Change
0.002(2.60%) |
Mkt cap ! $47.69M |
Open | High | Low | Value | Volume |
7.7¢ | 8.0¢ | 7.6¢ | $65.23K | 824.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.077 |
1 | 200000 | 0.075 |
1 | 40000 | 0.074 |
1 | 185000 | 0.071 |
1 | 30800 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 100000 | 1 |
0.080 | 160000 | 2 |
0.084 | 20386 | 2 |
0.085 | 18418 | 2 |
0.087 | 12000 | 1 |
Last trade - 15.31pm 20/06/2025 (20 minute delay) ? |
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NXM (ASX) Chart |