The New Nemex is coming!, page-3

@TheStig

Fair call at this stage. Get the feeling whilst it is in status quo they will leave it but if any real pressure (selling IMO) comes in we may see it bolstered at a guess to ensure stays within the range they want for CR & Relist targets.

We will know within the next 24 hrs whether they want the SH Meeting in Aug as the 28 days (reminded by Oz) notice period has to be today / tomoz to have the meeting on the 31st Aug latest.

If no Ann then meeting will fall into Sept so assume buyers r holding off till that comes with finer details though some may try take positions prior obviously in anticipation of what it may contain.

As per the last Ann, I'm assuming some of the delay with the regulatory components as they pointed out may have to do with the relist price exemption plus obviously ensuring they meet the listing rules as they outlined in prev Anns.

I think @lgs pointed out WBT were seeking that exemption from min 0.20 relist price so may be waiting on approval from ASX b4 they can finalise & release the Meeting / Prospectus paperwork?

On that, I was also thinking about was lgs' comments about that relist price and the potential discount on it which is a fair conclusion. CR @ say the 0.12 (30 day VWAP?) and relist @ say 0.15?

That's if assumptions on the 30 VWAP are correct. We don't know what 30 days they used exactly but we know the SP has bounced between 0.10 and 0.14 in the last several weeks and the spreads I've done with various 30 day periods have been between about 0.112 and 0.13.

Although, if that was to play out you would expect something of real tangible substance to come with the Prospectus (as I think Jazz pointed out on Fri) as once NXR increase the shares for WBT component to the existing register we will have around 466m shares (which is still quite reasonable against some other stocks out there) but @ say example 0.15 relist (?) will give us a MC of around 70m against now @ say 29m.

They will need to substantiate that sort of MC increase IMO with something decent and definitely expecting good news to make this all gel otherwise it would appear potentially a pointless and expensive exercise for NXR / WBT.

Good one all.