About time management commence a buy back
They are sitting on a hoard of cash and not doing anything
The stock is trading at some 30-40% discount to cash
Purchasing back 7,500,000 shares (10%) of the register would see the price double to 10c and cost less than $750k. A far better result than the $400k spent on last round of drilling
It would also remove the dead wood and leave the company with $5M to chase a project
Why management haven't initiated one yet is beyond me - it is money for jam
Hopefully they take a look at NGE and see their board was removed for being useless. At some point, one of the 5% holders will have enough and call a 249D hopefully
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- ASX - By Stock
- start a buy back already
NXM
nexus minerals limited
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About time management commence a buy back They are sitting on a...
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Last
6.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.82M |
Open | High | Low | Value | Volume |
6.1¢ | 6.2¢ | 6.0¢ | $29.77K | 489.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 74893 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 45588 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 74893 | 0.060 |
1 | 88000 | 0.059 |
4 | 897233 | 0.058 |
2 | 750000 | 0.057 |
1 | 50000 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 143673 | 2 |
0.065 | 250000 | 1 |
0.067 | 95000 | 1 |
0.071 | 130000 | 1 |
0.072 | 374506 | 1 |
Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
NXM (ASX) Chart |