Big Sells, page-23

First 23 Last

Share
Profile

Follow
ptony1948

138 Posts.

10

27/06/15

14:07

Post #: 15541396
Share

Originally posted by peter.farmer ↑

Jack,

As a member of the group I guess Im qualified to answer some of your questions. Others have supplied the link to an email . If you join the group, you can ask Xuan ( the hard working leader of the group ) or all the members via a mailing list any questions you need to ask about the current situation.

Do you need a certain amount of shares to join

No, just need to be a minority holder .

What are the advantages of the group?

A united front for negotiating the best (fairest) deal for our shares when Zinjin decides to buy out the shares it doesn't own/control. The board has no independent representation at all, but minority holders represent a large (blocking ) stake, and are probably entitled to at least two board members .

Is there enough to form a blocking stake, or can zinjin in some way walk over the top of everyone and just do what they want anyway?

The group well and truly has a blocking stake - if it chooses to unite and act as one . The exact amount is unclear because of a lack of transparency on the dealings between Z and Genorah. But its well over 20% .

The obscene and truly mind boggling delays in cleaning up the transfer of shares from Genorah to Zinjin , could be put down to incompetence or collusion . Or both. Whatever the cause, it will leave the minority share holders without a voice on the board and ridiculously undervalued share price thats been hanging well below 10c for a long time now . The longer it stays like this the easier it is for anyone wanting to make a low ball offer for the minority shares to justify their off . Somehow I can't see Zinjin ever selling their shares for 10c though !

Expand

Hello Peter farmer. Would you be able to send the group email to [email protected] please. I only have a few shares but want to provide a united front. Thanks. Tony

NKP Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

There are more pages in this discussion • 53 more messages in this thread...

First 23 Last

Add NKP (ASX) to my watchlist

Big Sells, page-23

Top Stories

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Fast-track assaying yields 182 g/t gold for iTech at new NT play

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Featured News