NXS 5.00% 19.0¢ next science limited

news this week, page-9

  1. 707 Posts.
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    Ritchie
    Disclosure re: WA-424-P occured in the Sept 2010 Qtrly dated 28/10/10. The transfer was completed in Oct 10 with NXS transferring the permit but retaining an overiding royalty interest.
    Considering that NXS was on the "bones of it's bum" then pre $122m raising - it was probably a reasonable direction to take as the didnt have money to drill it and meet their commitments on the permit.
    So I have explained how the asset "disappeared off the NXS asset register" - it simply didnt disappear.
    I am not concerned about New Management.... licking their lips at whats left for themselves" simply because Don and Lucio simply dont seem the type + I am counting on you keeping them in line.
    Sell everything youve got Ritchie and buy the hell out of them if you get the chance between 10 and 12c
 
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