Ann: Acquisition of Gold and Base Metal projects , page-4

re: Ann: Acquisition of Gold and Base Metal p... Well I bought a my Nemex shares after the first postive announcement in January which also stated that only 5% was drilled. Back then I expected a lot more news then we received this year...

Good to hear they state (that although this acquisition) they are still dedicated on Telimele.

But based on the very limited cash I am not happy with this acquisition. It is an extra focus for the company and it will cost money. A cr at these levels would mean a very big dilution if we want to raise more than a few nickels.

But today Forge announcent a partial sell in a big project of them for a big chunk of cash, maybe Nemex can do the same trick. Selling a stake in Telimere would not only provide cash but would also derisk the project portfolio.

Let's hope NXR will update us once in a while about Telimere so they not smoothly move their focus somewhere else..

Cheers