NXR nemex resources limited

Nice chart Mike. Just a few additions if I may to help explain...

Currently unlisted. Proposed listing date: WITHDRAWN
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    Nice chart Mike. Just a few additions if I may to help explain the chart in hindsight. The gradual decline from 16c to 10c seems to have been caused by the selling of MWs shares. The fact that this did not spike on our radar is because the required notices seem to have been "omitted". A major shareholder selling at this point might have put up a few red flags at the time. Soon after we had the infamous announcement regarding competition that sent the SP to 5c. It seems once again in hindsight that the wording of the announcement was not ignorantly poor as first suspected. The drop to 2c was pretty obvious with the CR at that price. What is also important to note is that it seems that during the decline our Chinese major shareholder was increasing his stake and more than likely convincing his mates and or family to buy in as well. I am guessing like us, he would not be happy about the machinations that brought the SP to where it is and hence the coup de tat. Further to this, and something that has always been in the background, is the battle for the direction that the tech would take. Early on in the piece, and this is entirely my opinion, the Chinese investors came on board under the assumption that the tech would find a home in mainland China. However, with WBT in talks with major U.S. Defence companies and our own Govt departments it seems that the tech would become mutually exclusive and our major investors plan for the tech would not come to fruition. I am not sure how this will play out regarding a tech that could, and I say again could, be deemed to be in the national interest. Nevertheless, here we are at 2c, the price at which Strauss alerted this stock to the masses over 12 months ago. If history repeats itself it's an 8 bagger from these levels. The analyst valuations from 12 months ago put the SP at 9c. A lot has happened during the year except ultimately it was all peripheral. Nothing has really happened at all! Same shares on issue, same tech albeit in a more advanced state. The games being played cost us 12 months. Lets hope all the BS is behind us now and that the potential of this unique technology can finally be realised. Merry Christmas.

    My opinion only. Read the disclaimer.

    Cheers,
 
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