Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-124

Hi Davisite I completely agree that if this board says that the sky is blue we should certainly get that checked independently. Like everyone else Im furious that we got lied to big time about the rubies, 100 carrots my a. So I really think that we should be wary and look to other signs about whats likely and whats not. Firstly they say that the capital return is part of the sale. Now thats awful but logical these Regis guys want to gut the company so they think up a scheme that returns as much of the $7 million thats possible to their pockets. Its a good deal for the Chinese guy because he pays $7 million and then receives part of that back as capital return. So its in their interests so yeah I think that it will probably happen.
That they want to gut the company is a worry because that could mean that they really dont have much hope in winning the court case although it still baffles me how Arena can lend us $2.5 mill and even before the due date claim that we owe $5 million. My main argument is not to fret over the past but to look to make some money in the present or near future and as I said a lot depends on the court case. People can disagree with me all they like but my position is that this is gambling and at 3c NXE is a good gamble no more no less.