The Company has three wholly owned subsidiaries: NXE Energy Royalty Ltd., NXE Energy SW1 Ltd. and. NXE Energy SW3 Ltd. (collectively, the “Subsidiaries")
so NXE Energy Royalty Ltd subsidiary is obviously named exactly for the purpose it was intended. Should any takeover occur we have the entity set up for current shareholders to get equivalent shares in the Royalty company that obviously gets given a 10% straight payment on all revenues from NXE leases. On top of whatever the takeover price will be once a full scale bidding war commences and all suitors that have been in the data room since day 1 of rooks discovery start placing their bids... its clear Nexgen has planned for and projected exactly for a takeover, knowing full well no asset of this size in the sector has gone to full scale production with the discovery company keeping control. is it fair to assume one the next 3 steps in permitting has been successfully completed the show then commences....? alternatively the company has the ability to go full production with the expertise on board so far, after all, it's not more than the size of a small gold mine, but with a genuine tear 1 asset in the ground.
takeover or not? Which one?
NXG Price at posting:
$9.95 Sentiment: Buy Disclosure: Held
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