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robbo24

11,344 Posts.

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12/05/21

13:56

Post #: 53122939
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Originally posted by Fosss: ↑

Totally agree that accumulation is occurring at this sub 10 cents level but I also think that the main agenda here is share price suppression.
Just who would be the beneficiary of keeping a lid on Nexus’s share price? Well that’s obvious NST.
Just imagine if NXM where to announce all our fantastic results from last year on Crusader Templar and Branches now I’m almost certain that we would be trading higher than the 9.2 cents today.
Don’t forget also we raised a pile of cash at 15 cents just before a sharp decline in the gold price from which we have hardly recovered from yet. We bottomed out at 8.5 cents I think and we have last traded at 9.2.
Also the decision to put the production from Pinnacles on ice for now didn’t help but not surprising when the Aussie dollar gold price dropped below $2200. If the Aussie dollar gold price had stayed above $2500 I think it would have been a different story and we’d be pulling dirt from Pinnacles now. If NST was the sole owner and operator of the Pinnacles project I’m sure it would be viable to mine at a good profit but it makes it harder when NXM need to turn a profit also.
I was a holder of EXU before they got taken over by RMS and there share price was suppressed for a long time before they got taken over. The problem for EXU at the time before takeover is that they had limited funds but fortunately for NXM we are sitting on a pile of cash which will buy us a lot of drilling. Like Andy has stated publicly 2021 could be a transformational year for Nexus shareholders and I strongly believe that this will be the case.
Can not wait for the RC drilling to commence. Don’t give your shares away.

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NST is also a significant shareholder of NXM - SAR, as they were then, were diluted under 5% last year.

Who knows what the NST brokers are doing with client pool shares via their trading desk...

In other words, you could be right.

NXM Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

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(20min delay)
Last 7.4¢		Change 0.000(0.00%)		Mkt cap ! $44.67M

Open	High	Low	Value	Volume
7.5¢	7.5¢	7.2¢	$55.62K	752.6K

Buyers (Bids)

No.	Vol.	Price($)
1	86923	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	90000	1

View Market Depth

No.	Vol.	Price($)
1	86923	0.074
1	20276	0.072
2	127571	0.071
1	20000	0.070
1	40000	0.066

Price($)	Vol.	No.
0.076	90000	1
0.080	70000	2
0.084	20386	2
0.085	18418	2
0.086	12000	1

Last trade - 15.59pm 24/06/2025 (20 minute delay)

NXM (ASX) Chart

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