I guess that its all about the court case. NXE has $10 million...

I guess that its all about the court case. NXE has $10 million and is planning to give each holder 2.6c per share which is $4 million so if NXE wins the case it will have $3.5 million left. If we lose then it's $1 million.So heres the punt buy at 3c get 2.6c back and if we win the cash backing will be a bit under 3c, lose and the shares will have a cash backing of 0.06c but the risk is the difference between 2.6c and 3c ie 0.4c
If the company survives I imagine that we will hear a lot about the potential of the Save river tenements (I think that we still hold those)
As to throwing cash at a lost cause well this is gambling I don't kid myself that Im an investor.