Replies to post #117 on Nexus Gold Corp (NXSGD)

[andrew16]

Good time... to Buy more shares here ??

A16

[searchlight1]

I predicted a couple months ago that Nexus would be back to it's low for the year this fall. Well, it's happened.

What is interesting is that they have an active drilling program going on in Burkina Faso. You would think that the markets would give them a premium on the hope that they might hit something worthwhile. It seems as if the bloom is off that rose.

Here is where any future raises will get very dilutive. They already have 125,000,000 shares out (the warrants are all underwater). Assuming they do a $1,000,000 raise at $C0.05, that adds another 20,000,000 shares + warrants.

Frankly, I don't see a long-term path forward for Nexus.