You may be correct in your assessment(s) but that explanation...

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RFC1873

68 Posts.

22

01/02/19

09:48

Post #: 37294626
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Originally posted by AlexandrosOM: ↑

As stated in an earlier announcement, the Fura loan will be used to settle disputes with Arena. They had the Fura deal changed from 10mil shares which was good for holders based on my observations of Fura to the 2.8m loan for Arena so this must be the cash they have in the bank. They should never have made this deal but then they haven't been operating in the best interest of holders but rather themselves and Regius. I wouldn't be surprised if Regius gets involved with Fura down the line seeing both companies operate in Mozambique and I'm sure the Regis boys would like a piece of that pie, peraps they have a lot of Fura shares or plan to buy a lot. Might also have a little to do with revenge against Gemfields or Gemfields unwillingness to work with them so they're supporting the competition, who knows but I believe they are preparing for post NXE. These guys aren't as incompetent as they want many to believe, they are in fact very smart and they're doing very well the way things are moving.

Mr Chings cash goes into the subsidiary to fund the Caula project.

NXE will more than likely lose this case so I wouldn't expect anymore funding but possibly another sell off of assets, what else is there?

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You may be correct in your assessment(s) but that explanation still does not correlate with the 5B financial statements.

NXE Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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