The Frankenpester is brought to life!

[dingobass]

oh great, the old seized up router collet.... Bugga.
Had the same drama and how I got mine out was to get the trusty vicegrips onto the bit.
I also gave it a good squirt of WD40.
You should be able to get that nut loose, means destroying the bit but that has to be cheaper than buying a new router.

[bargeloobs]

oh great, the old seized up router collet.... Bugga.
Had the same drama and how I got mine out was to get the trusty vicegrips onto the bit.
I also gave it a good squirt of WD40.
You should be able to get that nut loose, means destroying the bit but that has to be cheaper than buying a new router.

Nooooo, it's my you beaut Stew Mac binding bit too, damn thing almost cost me more than the router:-(
I might just keep squirting WD40 in there and hopefully it penetrates enough to work loose.