qben - agree with you, the best outcome here for NXR is a mining project and despite the significant dilution that will occur at least there will be liquidity for shareholders.
However, I am sure that the Zhang and the other major Chinese shareholders do not want dilution and so they will carry on in their usual manner until its all over, unless they manage to obtain a China backed funded deal similar to what was proposed in Dec-Jan.
Serving a 249D on the company is something to consider as it will at least require a meeting and bring the whole mess to a head.
NXR Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held