Ann: Quarterly Activities and Cashflow Report-NXR.AX, page-5

So....nothing new....yep......but wasn't holding my breath either as the last Co. update was like 12 days ago so highly unlikely any major advances since the last update.

My interpretation of a couple of things though from this Qtrly....take with a grain of salt as always and just my ramblings as usual while our hands are tied....

We know that NXR was "supposed" to be a fairly straight forward RTO....didn't eventuate for various reasons we can surmise. Still....it is on a path of changing its core business and appears committed to go the distance with WBT - good or bad - time will tell. What's the old saying....in for a penny in for a pound.

So.....we relinquish the Télimélé DSO project. I assume that we give back the tenement rights / licence to Guinea Govt. Is this a bad thing?

Well, I guess it reduces any possible future cost burden on cash near term with something that is superfluous and non income generating and also ties in with the shift to a diff core business.

People are talking about trading again.......we must remember that the ASX has changed the rules mid stream in NXR's protracted RTO. Not the ASX fault but NXR's.

However, is NXR still going a full RTO or just to the 51%? Does owning 51% define it as a Tech Co. not a miner? Would appear by offloading the tenements etc that it might do. Will we meet new criteria? Do we need time to maybe ensure those ducks get lined up? I don't have the answers but just my best guesstimates...

Now the wording in the Qtrly (and prev Ann) was the Co. will need to provide submissions to the ASX regarding reinstatement to trading. I read that as the Co. needs to meet criteria of some sort or convince the ASX that we should be trading?...or not at this stage?...and the ASX will take the required time to determine that.

Will the rule changes have an effect on that? Possibly, hence the submissions required imo.

But, another twist....the ASX recently advised the rule changes will not come into effect until Dec whereas they were going to be Sept this year....Sept....Dec....those months sound familiar to me month to finalise next phase of work?....month to report Purdue outcomes?

http://www.copyright link/technolog...es-pushed-back-to-december-19-20160726-gqe8ka

Have a good one holders...