I think there is some ambiguty floating around South African mining projects atm regarding a government proposal to apply an upfront cash for rehabilitation (instead of insurance) of mining projects. It has been mentioned occasionally on the MLI thread in recent weeks .
'In recent days, indications have arisen which suggest that rehabilitation commitments for South African mining projects may involve a requirement for cash funding...These possible developments, if proceeded with, could impact on the Company’s capacity to operate in the absence of new equity injections.'
NKP Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held