Ann: Arena statutory demand update - mediation agreed, page-17

In the great game of outlast, Arenas pockets for legal fees are deeper than NXE's. Investor capital getting bled dry and the project grinding to a halt while booking up contingencies on the books will be ugly on the share price so they have until end of January to get investment drummed up and know what the settlement can be. Arena asks for 2.5 in addition to P & I so looks to settle for 1 ~1.5. If NXE has the minimum then its thank you very much, well played no hard feelings, see you next listed project. If they can't raise then its off to SCWA, but just about no chance of fund raising.

Now, depending on Ch11 sell off investigations progress, perhaps the whole SA mob being subpoena-ed and ending up sitting on Australian soil for an extended amount of time might not be a desired outcome for other things to occur, so hopefully the full suite of tricks available don't get played and the desired settlement occurs.

The things people talk about in boxes at the cricket......game-on