RE: Why you lot9 May 2020 11:49
Great chat guys, and a timely reminder of the incredibly tricky/unfortunate position Nuformix have found themselves in, through very little fault of their own.
With regards Chinese monies, Dan now find himself in a ‘stick or twist’ scenario. I.e. How much time and effort does he put in, and how long does he wait for NSB/Yatai to sort out the mess they are in, in the hope that this deal gets back on track VERSUS cutting and running and starting over with another partner. It’s not even that simple, because as soon as he cuts and runs, he is committing to a legal battle for the £2.5m, that will cost time, money and distractions that he doesn’t need. There’s also the shareholders (us). Due to confidentiality agreements, it will be almost impossible to update shareholders until one of the 2 scenarios is played out to at least the point of no return.
All very frustrating, but the key is remembering we are in this situation because we have something that someone else wants.
My gut says some kind of update next week. GL all.