At some point NST deals with NXM on Wallbrook, either through a straight out acquisition or a production jv, or lose the opportunity. NXM will eventually look to someone like BML to produce from Wallbrook pit on a 50:50 jv like they have increasingly done lately with other small explorers looking to monetise their deposits.
Maybe when AT said NXM could ten bag he was sending a message to NST of what they can expect to pay to acquire the Wallbrook deposit and surrounding ground. That type of language was totally out of character from anything I've ever previously seen or heard from Andy over many years. I'm sure it wasn't just to try and hold the sp up as the NXM sp has often had long periods of inactivity. I also don't think it was a sudden rush of blood.
It feels like something's about to happen here soon, though I have no idea what the catalyst may be. The price of gold itself may be the driving force to change things up here.
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At some point NST deals with NXM on Wallbrook, either through a...
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.050 |
1 | 60000 | 0.049 |
3 | 49454 | 0.048 |
1 | 100000 | 0.044 |
1 | 50000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 50000 | 1 |
0.055 | 13183 | 1 |
0.056 | 75000 | 1 |
0.060 | 56000 | 2 |
0.078 | 64102 | 1 |
Last trade - 10.44am 21/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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