Ann: Dispatch of Shareholder Circular, page-32

First 32 Last

Share
Profile

Follow
GTyson

56 Posts.

22

03/10/18

20:40

Post #: 35984385
Share

Originally posted by Macleod22 ↑

Steven,

Whatever I state must be tested in a court of law. In my opinion evidence suggests that the Tubatse shares should have been cancelled because the two farms were lost. The 250m NKP shares plus cash was given to Genorah in exchange for the three farms. That is a fact. The NKP/ Genorah directors who were also shareholders enjoyed the benefits of the transaction.

Facts suggest that the shares were exchanged while the farms were disputed in court by the Bengwenyama. If so why did the NKP directors allocate the shares if there was a possibility of the farms being lost? Was it because they were also beneficiaries via Genorah?

Move along in time and ask yourself why were the 250m shares placed in escrow before conclusion of the court case? No info shared with shareholders re this. Why were the shares removed from escrow? On what basis?

So the farms were lost and NKP got SFA while Genorah got shares for nothing which they then on sold to Zijin.

Both ASX and ASIC refuse to investigate the transaction. This is called justice. What more can I say?

I have presented facts with relevant links and time lines. Why will no one investigate? I rest my case. Ask the polititions to perform their duties on behalf of Australian investors.

If Genorah had not received those shares to sell to Z, Zijin's holding would be closer to 40% and not 60%.

Dr Tan refuses to reply why the shares were not cancelled. I refer you to the 2016 SGM.

Expand

Mac, have you looked at the current terms of reference of the present Royal Commission as to whether a submission is possible under any category? I noticed that submissions are being accepted 'till the end of October. The NKP situation stinks, and while I agree that we have no choice but to pursue the dissenting shareholder path (given the time constraints), there is no reason why a separate submission could not be made to the commission (if applicable).

How did you go with the ABC (Four Corners)? Did you receive a reply?

NKP Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

HLX

Helix investor makes partial takeover bid, proposing board changes

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24