On the assumption that the current subscription deal does not execute, the probability of NXR being able to do a similar deal with Chinese investors is low given that the company has been working on potential deals for nearly 2 years.
So the next best option would be a highly dilutive deal similar to what we see in many ASX shells.
Of course the investment in Wavefront also remains a live option.
Ann: Share Subscription Agreement, page-67
Currently unlisted. Proposed listing date: WITHDRAWN
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