"As all informed shareholders are aware, a re-listing of the...

"As all informed shareholders are aware, a re-listing of the NXR/WBT business is subject to the outcome of the current Purdue validation/certification process."

The ASX has no interest in the Purdue testing. The ASX needs to know that NXR is a viable business that is in the business of... something. Currently they do nothing as they have stated in their annual report that they're not currently engaged in any mining activities. ASX has clearly stated that NXR has to either:

1. Acquire 100% of WBT to apply for reinstatement OR;
2. Acquire 100% of another suitable project.

"NXR did not waive this right, as the right to go to 100% never existed."


NXR once had the right to acquire 51% with a conditional right to acquire 100%. They indicated that they WOULD take 100% and then everything went pear-shaped and they ended up NOT exercising that right and as you can see above, the agreement to acquire 100% terminated. If the WBT tech now proves to be groundbreaking, why on Earth would WBT then agree to sell the remainder of the company to NXR after NXR walked away so long ago now (2015)?

It would be appreciated if in future you did not treat me like some fool who has no clue.