NXR nemex resources limited

@qben8 Im with you on this , and dont think it unreasonable at...

Currently unlisted. Proposed listing date: WITHDRAWN
  1. lgs
    1,114 Posts.
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    @qben8
    Im with you on this , and dont think it unreasonable at all, and we all have our opinions , Im looking at the next 1-2 years The mobile phone market is just one area and we may well have an expression of interest with one of the top 5 manufacturers. If they put that deal together and the North America deal you will have 2 of the top 5 mobile sellers in the world. Their plans for further promotions may well be more advanced than what we think , For the most part we have been focusing our attention on the mobile phone side , since FMF coded post last night prompted me to read again the annual report 2014 pgs 3 & 4
    Unless things have changed we are in that last development phase and if unchanged would suggest talks are underway with Banks and defence groups at this time. Also having seen CYP which also has a unique situation has seen its SP jump from Low .30s to $1.12 and been higher, Nxr would seem closer to a signature than Cyp, Proactive stated a significant re rate upon ist deal , just my thoughts.

    Part of Nemex annual 2014 report.
    In the second half of the current development phase, WBT will also commence commercialisation discussions with participants in the financial services and military / defence sectors. This will involve demonstration of the miniaturised prototype in Australia and North America to leading mobile device manufacturers, banks and defence industry groups. Nemex Resources Limited Review of Operations For the financial year ended 30 June 2014 Page 5 The current prototype is considered appropriate for application in defence and other markets, subject to completion of performance testing. WBT will seek licencing agreements with multi-national companies and State-owned entities in the defence sector. The strategy for commercialisation in the mobile banking sector is to secure a development partner, such as a mobile device manufacturer, for incorporation of the technology directly into a mobile device (software-only solution), or as a further miniaturised attachment similar in size to a bank security token.
 
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