NXM

2.56%

3.8¢ nexus minerals limited

Thank you Perdant for an honest opinion, ive posted a few times...

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rabbitoh

26,958 Posts.

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12/06/22

19:54

Post #: 61967107
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Originally posted by perdant ↑

Hello all, sorry i haven't had the time to contribute recently but my workload has been overwhelming recently.
I have been in NXM since 2018 and have traded at several market stages during this time.
My current holding is modest compared to what I did hold.
You might have noticed that each new announcement adds more exciting stuff but the market doesn't respond according to our expectations? I've seen several posts related to capping sp, manipulation etc. etc.
This probably won't be popular, but I think it's important to put out there:
IMO we are in the "boring drilling and adding to discovery stage." This is the fourth company (gold) I have held where this has been the case.
Take a look at MGV:

10c to 80c and back down to the mid 20's - 30's.
Now have a look at the subsequent anns during this time. I don't have the time to list them all but some returned bonanza results of 100g/t+. Here is the first example i found.

Have a look at BRB, from 4c - 82c back in the height of the Bombora discovery. Back to a low of 10c Plenty of great results over the last few years, both in the open pit and UG areas ... still in the low 20's.

The examples go on.

The current aggressive drilling campaign will no doubt return many many more good results and/or turn up new areas of mineralisation but, I don't believe we will see the +ve sp response that these discoveries will deserve. In addition, the current cash burn and CR that will inevitably come, will keep the sp under pressure imo. Barring a significant discovery, a JV or takeover offer, I feel we will flounder around these prices for the next 12-18 months based on my previous experience.

No knock on NXM, Andy or his team ... it's just the way things have gone in my experience.
Always happy to be wrong
Perdy

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Thank you Perdant for an honest opinion, ive posted a few times the last 2 months re the market cap of NXM compared to BRB and what the market has done to BRB and its a great comparison share price wise but you feel like the downer of the party, i think the NXM deposit is in a better position and has more potential than that of BRB but that will take more drilling and burning more cash, but at least the Gold price has woken up, good luck holders..

Last edited by rabbitoh: 12/06/22

NXM Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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Last 3.8¢		Change -0.001(2.56%)		Mkt cap ! $14.78M

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Thank you Perdant for an honest opinion, ive posted a few times...

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Thank you Perdant for an honest opinion, ive posted a few times...

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