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Macleod22

4,863 Posts.

177

07/07/17

16:55

Post #: 25734414
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Originally posted by Macleod22 ↑

Finally received feedback. Unfortunately no evidence of progress from DMR's viewpoint. Hope that there is some action behind the scenes.

The DMR guys are getting a little fed up with my constant enquiries. However what else can we do if NKP is ineffective in its communication to shareholders?

"We wish to advise that the mining right has not been registered yet. For registration to be effected the duly appointed representative of the holder must formally lodge the right at the Mineral and Petroleum Titles Registration Office. According to our records, the right was rejected and collected by the company representative with the queries that hamper its registration.

As stated before, a number of meetings were held to discuss the transaction. We have not been advised on the latest on the transaction. The prescribed procedure is that, if a right has been rejected and subsequently rectified, the holder must re-lodge it for registration. This Office can only comment on a transaction that has been re-lodged and examined accordingly."

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The response from the DMR does not line up with the June 13th ASX Announcement. My understanding is that usually any application for the Mining Right would go via the DMR ( after examining and recommendation) to the Minister not the other way round.

I have requested via the Coy Secretary for a reply from directors for clarification.

NKP Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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DMR Feedback, page-2

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