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2.0¢ nemex resources limited

Thanks Jazz. Much appreciated for the information.

Currently unlisted. Proposed listing date: WITHDRAWN

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jeans_sammy

13,333 Posts.

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27/10/14

15:34

Post #: 14187617
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Originally posted by jazzmox ↑

"When will the WBT's product out for earning revenue??? Soon??"

Revenue soon does not apply with these stocks. it's all about potential revenue sometime in many years. Case in point internet bubble and all the stocks that ran on just potential. Did they earn any revenue? Most no.

With these tech stocks it's all about the dream. The dream here is that WBT's biometric technology will be used in every smart phone on the planet and other applications. Will it happen? Probably not. Can NXR trade at a fraction of this dream scenario? Sure. If that happens then it will trade at multiples to its current level. Market cap $50m or so is not out of the ball park and even higher if there is actual news.

But to answer your question more clearly, NXR are planning to talk to majors for potential uptake of their technology in the near future. After option expiry more likely.

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Thanks Jazz. Much appreciated for the information.

NXR Price at posting: 4.7¢ Sentiment: Buy Disclosure: Not Held
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