Had second thoughts and TOU'd myself for that one. :)Suffice to...

Had second thoughts and TOU'd myself for that one. :)

Suffice to say I find it hard to place much faith in this board when Cottee, a man who maximised QGC shareholders' value to the tune of 20c to $5.75 in a few short years, is lauded by the chairman in the 2010 address and is now referred to as "a big mistake."

We know Longtom is in trouble. Crux appears to be in trouble. Cottee was obviously at odds with the rest of the board but on one hand, we have the man who took QGC from a minnow to a giant and on the other hand we have the NXS board, whose track record is not good.

Yet we are asked to believe Cottee was the mistake?

I am well and truly out of NXS anyway. There is a decent chance IMO that both Longtom and Crux can be saved but I have lost faith with the company's ability to manage it. In the short term I expect a sizeable Reserves writedown at Longtom.