lemonwasher,
I feel that I was quite clear in what I originally posted. I was invited to the Raffles hotel for lunch. It definitely was not a "boozey" lunch - people present were quite sober and lucid. The people present were my broker, two other significant shareholders, Andy Tudor and Lara Philips-Wells. I won't name my broker or the other shareholders present, as I feel that it would be a breach of privacy and considering all that has transpired with the share price, I feel that they have already been through enough. There was no one there from NST, so the "source" of the NST game plan was Andy Tudor himself.
Andy Tudor had clearly stated that NST had come back knocking on his door and were keen to purchase Crusader/Templar. All the numbers that were bandied around, plus the 10-cent return of capital was Andy Tudors input. Andy also commented that NST were keen to include Branches into any deal, but as far as he was concerned Branches would be off the table. He also stated that if a deal was to be done with NST for Crusader/Templar, that existing NXM shareholders would be likely to receive shares via an in-specie distribution into a newly listed ASX company, which would include all the newly acquired eastern states assets.
You may find it difficult to accept that Andy Tudor did in fact make these comments/statements, but the truth of the matter is that he did. I have not fabricated anything that I have previously mentioned. I am very comfortable with what I have written, as it is the truth. Andy was alluding to the fact that a deal of such nature could eventuate in the very near future. He commented that if it was going to happen it was likely to occur prior to the end of 2022.
Personally, in hindsight, I feel that these statements/comments were a tactic to make sure that major shareholders were kept on board with the belief that NST would purchase part of, or possibly all of the Wallbrook assets.
I totally understand your skepticism. The reason that I wrote the original post was not to stir the pot or create drama. I wrote the post because I wanted other NXM shareholders to be aware and also to expose that Andy Tudor will go to great lengths to talk up NXM's prospects. I've learnt a hard lesson here myself, and that is to take what directors say during lunches or private phone calls regarding their companies with a grain of salt. Because let's be honest, directors are always going to present their companies in a positive light. I am not seeking vengeance as has been suggested, and I am not a broker. I am a private investor who was looking for exposure in an up-and-coming gold stock. I'm a bit of a gold bug. I've done quite well with gold stocks in the past and was hopeful that NXM would be a good long-term play.
My advice is to make your own decisions based on ASX announcements rather than foolishly believing in what a company director says to you personally, like I did. I sold out after the disappointing MRE. This was after questioning Andy in August last year about the possibility of there being at least 500,000 ounces in the MRE, with which he responded with an emphatic, YES.
I count myself very lucky as I was able to get out with the shirt on my back.
By all means, I suggest that anyone that reads this post with any skepticism to give Andy or Lara a call to verify. I doubt that they would confirm any of it, but I would be interested to hear what their response is.
Hope this addresses your concerns.
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