Australia's largest stock trading and investment forum Australia's #1 stock forum

NKP

0.00%

9.9¢ nkwe platinum limited

Email to Mr Tielong, page-9

First 9 Last

Share
Profile

Follow
Macleod22

4,863 Posts.

177

05/09/17

15:19

Post #: 27009546
Share

Originally posted by Macleod22 ↑

Lets see if we receive a reply from the Managing Director. Poor form to date.

Dear Mr Tielong,

I refer you to your last Nkwe Platinum Announcement on 24^th August 2017 when you stated the following:

The record of decision on the WUL by the Department of Water and Sanitation is imminent. The Company is awaiting the Departments administrative process to be completed and is positive the record of decision would be granted before the end of August 2017.

Today is the last day of August and we still have not received news from yourself with regards to the status of the WUL. Why?

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Furthermore you have failed to reply to my previous email highlighting the following anomaly. Why?

On 13th June Nkwe Platinum issued an ASX announcement advising shareholders ¦.

Through the continual engagements with the Department, the Company is pleased to announce that it has complied with all the Departmentâ€™s conditions. The Department is satisfied with the Companyâ€™s submissions and the Company is now awaiting the final decision by the Honourable Minister of Mineral Resources, a process outside the control of the Company.

This was followed up on the latest announcement dated 31st July 2017 as follows.

The Company is now awaiting the final decision by the Honourable Minister of Mineral Resources on the setting aside of the Notice.â€

I have received advice from a DMR ( Mineral & Petroleum Titles Registration) senior executive that contradicts the above company statements. Details are as follows.

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.

Kind Regards

Expand

Mr Tielong continues not to respond to shareholder emails. Why?

NKP Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

PL3

Patagonia looks to raise $2.15M for South American exploration and development

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga