Too many shareholders are focusing on the current sp and do not see the company's potential.
NKP has massive platinum resources in both Garatau and Tubatse. The Chinese company in Zijin has identified this and has taken advantage of Genorah's inability to secure JV partners and finance. The infighting by Genorah's shareholders has hindered progress and negotiations with past suitors.
For many reasons the shareprice still is at all time lows and appears in no hurry to advance.
In a similar vain I recall Sphere (SPH) back in mid 2010 not reflecting its true valuation at $1.55. Then all of a sudden along came Xstrata offering $2.50 then increasing the offer to a higher level. Broker valuation sought $4.35 as a reasonable exit price for shareholders.
In other words what todays sp is for NKP does not necessarily mean that is its worth. If Zijin are interested in taking over the company they will need to make a reasonable offer in order to dislodge minority shareholders.
Many of us long term holders are waiting for "the offer that we cannot refuse".
Once that Mining Licence is finally issued to NKP we may find some upward momentum.
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Currently unlisted public company.