It could well be a sideshow given the markets atm Gav.
A little bit of market sensitive info like a more accurate BFS release date as a part of an upcoming schedule could justify such an annmnt halt with the ulterior motive of keeping the stock from trading whilst the markets are turbulent.
However if they ask for a suspension next week it wont be able to be so transparent as the above.It would have to be a genuinely good reason.
Corporate updates can cover anything from what a company is doing in the next few months/years to specific corporate/company news.
One just hopes it is something genuinely good as a 3 day halt wont do much good in these market conditions to hold the sp as we are no doubt in for much more pain on the back of this PIIGS problem.
I tend to disagree with others re a cap raising.It is a possibility.A raising notification could be an upcoming part of a multi point corporate update schedule release.$2M isnt much left in the coffers given their previous burn rate.And like we've been saying the rest of Tubatse has to be paid for at some stage.Much prefer it was done post a BFS/JV annmnt though for obvious reasons.But then I dont think Xstrata would time a JV release just so that NKP could fill up the coffers again!
d.
NKP Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
