Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement, page-13

Don't exaggerate   Ha ha

Doing this from memory but they are also getting the $490k for the plant as well as the 2.8 mill from fura.  I think the full mine equipment was previously included in the transfer with Fura taking possession and control of site ??  So 3.2 for whole ruby business. 

Now interestingly I don't know what fair value of equipment is but should administration happen it would need to be justified as fair value or be reversed ?

So bottom line is NXE have given away any possible uplift in value of $10mill  Fura shares that they accepted at a 400% overvaluation staggered over a few years ( so 2.5 mill) in exchange for 2.8 mill cash in 3 months and $490 in cash now .   Correct me if I way out or am wrong???

odds of NXE not drawing as much as possible and spending it on stuff that can't be reversed like overpriced consultancy, prepaying legal, big chrissy party, corporate trips to tests matches and rugby etc etc?    Geeze I'm a gambler but I won't give you odds on that when only they know the true details on possible claims against them and personally I'd draw and spend every cent as you just don't know what will happen in 3 months or the outcome of men in white wigs.   On previous history will the $ spent be productive - well I'll let the shareprice tell you that.