thanx shadow, good point -- but that still means that Genorah placed in someone elses hands something that did not completely belong to them with significant risk of loss of value to the other holder.(a rsponsibility they seemed to acknowledge by placing them in escrow, even if voluntary) -- albeit the technicality that they would not need to sell those shares --but thats also us assuming that Gleneagles wouldnt dump 100million shares in one hit sending the price to 0.001 .... I think that adjustments have to be made to genorah shares held because 50% of Nooitverwatch is now nothing as it does not belong to Nkwe and the remaining 50% of Noiitverwach is not usable and shares given in lieu of "nothing" should be cancelled and reissued only when issues are sorted....this functionally extends to Eerstegeluk as well till its fully sorted in court
I still believe that Genorah saw this argument coming and thats why they gave all their shares as collateral for a 3 million dollar loan (why else would someone transfer the whole lot)---now all but a paltry (by genorahs holding stanards) 12 million shares have been informally labelled Genorah shares of Nkwe
Anglo has no legal standing and that was drummed up as a cover for delays and potential other tricks with Hooperkrantz which we have heard around the traps --so Genorah have genuine rights to the shares that were issued to them in lieu of Garatau. I believe the genorah shares should be aportioned into the segments based on ounces in ground for each farm and the Eerstegeluk and Nooitverwatch shares cancelled or frozed/escrwoed involuntarily till settled --its not just the Aussie retail holders that should bear the brunt
NKP Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
