Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement, page-45

Well what Im trying to construct is a balanced view of this company I dont discount the obvious problems neither do I run away with unbridled optimism. I have been trying to counter some of the off the wall negativity such as this company will never trade again, the SP is in free fall, no one will lend this company money, no one will invest in this company. All these statements have been made in the last couple of weeks and they are all demonstrably wrong. Plus there are things that I dont understand like why did Regius get $3 mill from the sale of the Ruby prospect? Did they own half? Clearly the company did trade after Arena took them to court clearly the SP fell but then staged a recovery, clearly people will lend NXE money Fura just did, clearly people will invest in NXE our new partners cheque just cleared He never put a stop on it like people said he would. Some smart people bought in within the last week at 4.3c and within that week had the opportunity to sell at 5.5c not a bad return on a one week investment and if you look at the numbers there are more buy orders than there are sell orders just a straw in the wind but not everyone is a headless chook.

PS the Arena $5mill claim is just an ambit claim. You would have to be a gangster to think that you can loan $2.5 mill and within a year recieve $5Mill back.