NST took up their entitlements in the 1:5 CR, and only thier entitlement.
Their % holding increased from others not taking up their full entitlement, not from NST buying up more.
The NST CR investment can get the tenement drilled for ~5% of the actual cost, that's assuming that NXM would actually continue drilling the gold tenement during a gold bull run.
And I'm sure NST are capable of writing off a ~$160k failed investment if needed, not to mention their previous purchases.
Tell me again why NST will halt milling their 100% owned 2g/t ore to profit share milling NXMs 2g/t ore in a high gold price environment. Is it to extend Carosue Dam's LOM an extra six months whilst processing ALL of NXMs 2g/t ore? Is Carosue Dam that low on mill feed?
NXM is NSTs cheap drilling company. Maybe they strike it lucky and those holding for 4 years plus get to see a return on their investment, or maybe the NST T/O speculation just continues.
Either way, I'll ride the SP waves with an open mind considering all perspectives as they present themselves.
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NXM
nexus minerals limited
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7.8¢

NST took up their entitlements in the 1:5 CR, and only thier...
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Last
7.8¢ |
Change
-0.004(4.88%) |
Mkt cap ! $48.30M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.3¢ | $24.60K | 322.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 68461 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 2098 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 68461 | 0.073 |
1 | 185000 | 0.071 |
2 | 230800 | 0.065 |
1 | 450000 | 0.062 |
1 | 10000 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 2098 | 1 |
0.080 | 50000 | 1 |
0.081 | 35000 | 1 |
0.082 | 91975 | 1 |
0.084 | 20386 | 2 |
Last trade - 11.06am 18/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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