NXE 0.00% 2.7¢ new energy minerals ltd

Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement, page-19

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  1. 5,445 Posts.
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    Couldn't be anything further from the truth IMO


    Fura would IMO have had a get out of goal card in contract so if NX went admin / liquidation  so arena would have got squat and now NXE have put a pile of cash in front or arena to try and claim.  That is a homer simpson face plant moment IMO.   Arena were fighting for a basket of nothing out of probable spite and now instead teh NXE management have put a pot of gold there instead by realising a early settlement of value on ruby sale.   Sheesh the timing by NXE just looks dumb to me.  What am I missing?


    I don't blame Fura for wanting rid of NXE asap but .....................






 
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