NXE 0.00% 2.7¢ new energy minerals ltd

Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-79

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  1. 10,813 Posts.
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    I suspect we will never hear from the South African Wonder Boys™ again here in Australia. They will go back to what they do best in Africa.

    There was always lots of risk with MUS as it was a small company with colourful management trying to mine rubies in Mozambique. The only thing unusual about the failure is how it happened. I thought of dozens of ways it could have ended badly, but I never thought it would end with them putting on a ruby auction with no rubies. I doubt we will ever see something as crazy as this ever again.
 
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