I don't think you can write off BO's actions here. He was the one dealing with Arena (or at should have been) and he was the one that negotiated the deal that means NXE loses half of their assets and control for $3.5 million. He also sold off the ruby assets for next to nothing too. All of the other public companies he has run have been a disaster for the shareholders.
As for the scoping study it didn't matter how positive it was because its absence was not the reason the SP is in the toilet. The problem has been since the auction fiasco last year the board. The market has zero trust in the board and no positive news will change this.
I hope things do turn out for the best for the shareholders, but with Arena demanding $5.1 million and commencing legal action to get it I can't see an outcome that does not end in administration.
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