article on nkwe from wa business news , page-10

Thats correct Tradedemon .June /july , Nkwe said for the resource upgrade .
I am surmising thats why the convertible note has been delayed till around 15th july so we can get some good news to propel the share price along .
Hopefully ,the resource upgrade is a bottler, and it comes out before the convertible note deal is done .I am sure that is their strategy .
The convertible debt instrument ,as Nkwe call it, for $20m really needs to be put into context .It is a relatively small amount ,and will arguably add more than that value in assets .
The deal with IGC was a big win for Nkwe as they have avoided a larger dilution by gaining much more time for the second tranche of $40m .
These have been really smart moves by Nkwe management ,against huge pressure from Sage for them to cough up $60m cash at the end of the option period .
Management should be commended for their steadfast approach to this obvious pressure .