We can only hope that the portugese court system sees this is...

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catscatscats

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13/12/17

19:49

Post #: 29609660
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Originally posted by PovertyBoy ↑

NLI management cant say a thing Cats... its all smoke and mirrors at this point.. they are in a fight and must simply hold out.

I think the people downramping have come out of all corners for the reason they dont want to be out if a deal is done... downramping has seized.... suggests we are close to if not at the bottom and these same people have probably bought back in at these prices and increased their holdings or taken money off the table to the tune of 25-35%. Well done to anyone who did this without coming on here and trashing the thread

I like that we are close to cash backing, I have only seen a couple of companies trade at a discount to cash backing. They never last very long at these prices. CFE was one, and it doubled quick smart.. and it was probably only at those levels because T.Sage was up to some shady as stuff at the time.. another notable that I have right now is TBR. They have their mkt cap in gold stored at the Perth mint in a slightly opaque setup. So not the same as cash.. and a little hard to get the full rundown, but thats a solid stock.

We have cash.. both parties will want an agreement depending on the terms.. NLI has the drill results plus work done worth 4-5 mill, brings us to cash backing, plus a damn excellent, and I dont state I know the legalities here, (and if this forum has shown anything it is that very few if any people do), but a damn excellent ethical framework to hang some meat on..

So yeah, thats right we just intended to drill out your prospect for no financial reward whatsoever and we had no intention to profit it was all just our intention to benefit Luso shareholders and not our own... yeah right.....

So Luso probably wont want it to go to court.. because its expensive adn they dont have money, they might well lose, and even in the event they dont lose they will be tarnished ethecially hence forth..

DEAL DEAL DEAL DEAL

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We can only hope that the portugese court system sees this is going to be inevitable and pulls it in the first hearing.

NLI Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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