re: buying opp VGL is a very poor example - only reason the...

re: buying opp VGL is a very poor example - only reason the price "bounced" was because of a takeover offer - nothing to do with the managements ability to correct a basket case of a company.
The same applies to NLX. If the directors were so capable they would have been able to arrest the share price decline - not watch it hit all time lows.
Sorry, but I reckon NLX has a very limited future. Don't think that the reamining assets they have would attract a takeover bid at anywhere near their current market cap.