What you fail to mention is:1. The $3M from Fura is shares, not...

What you fail to mention is:

1. The $3M from Fura is shares, not cash.

2. The company has a cash burn which needs to be fed each month.

3. A 50% sale of a graphite business @ $3.5M is below rock bottom price which doesn’t value the remaining 50% at significant value.  Existing shareholders have effectively seen 2 rounds of dilution with one being materialised.

4. The company does not have $5M in cash to pay Arena before covering own legal costs.  If it goes to court, can NXE afford two lots of legal costs if they lose.

5. It doesn’t matter whether the shares are 1c, 5.6c or back to 9-10c at time of consolidation, the market does not support the current BOD.

6. What brokerage firm has recently issued their glowing report on NXE?  It’s not investment grade.

You might have spare cash to put into this company but its only a junior spec stock, not a producer.