NXM nexus minerals limited

It trades below cash backing because there is no catalysts and...

  1. 23,919 Posts.
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    It trades below cash backing because there is no catalysts and there is dead wood on the register

    Anyone selling at 5-6c is a lemming and a new project won't stop them. They need to be removed

    The company should put a bid for 7.5M (10% of stock) on at 6c and see what happens. That is $450k, I guarantee it will have far better results than the $400k spent on drilling

    You're also misleading people with LMR. They initiated their buy back on 24/11/2014 when the SP was 3.1c (40-50% discount to cash). The takeover bid came on 21 May 2015, the last traded price was 5.8c prior to that day. Hence the buy back added 87% to the share price

    Feel free to blindly support management, but let's not mislead people with your dribble

    Happy to count your votes and everyone else's, that's the point of a S249D. I'm guessing you'll be part of the minority though, check out how dispersed the register is. Sooner a vote is called the better, only a matter of time now
 
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(20min delay)
Last
5.7¢
Change
-0.001(1.72%)
Mkt cap ! $34.41M
Open High Low Value Volume
5.7¢ 5.8¢ 5.7¢ $125.0K 2.172M

Buyers (Bids)

No. Vol. Price($)
1 14396 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 90000 1
View Market Depth
Last trade - 15.31pm 30/07/2025 (20 minute delay) ?
NXM (ASX) Chart
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