Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-143

Hi Davisite a mess yes but there is money in that mess. Last financial update had NXE with almost $3 million on hand. Add that to $7 mill for sale of Balama and $2.8 million outstanding from the sale of the ruby tenements thats a total of $12.8 million at about 6c per NXE share, worse comes to worse in court and NXE is left with $7.8 million or 4c per share and the shares are selling for 3c. As to who is buying well Im trying to put some cash together. I understand why you keep an interest because its an interesting story.
I would like to see some big share holders get together and replace the board with competent people. I think that the board is incompetent rather than criminal because criminals would have left with the loot long ago. When I was a kid my dad bought Bounty Oil on a workplace tip only for the director and his son leave the country with the companies funds or so the story went.