IMO it seems that the big boys are realising the massive value of the NKP resource and using the current chaos to lodge their claims for a slice. Whether or not the SA government steps in before irreparable damage is done is anyones guess.
There has been very little from X so far. I would have thought that X would have preferred to make it known it will protect its interests under the supposed Jv option arrangement, albeit this has expired.
The only real positive that has come of this is that the value of the NKP nresource has received global exposure, though not the type that is exactly favourable.
I reduced my exposure by a third and switched some oppies into the heads, still maintaining a large exposure. Only 12 months ago I went through a similar situation and sold out a stock at a small profit. That was a very expensive lesson as the stock went up 5 fold within 2 months, that cost me a lot.
High risk, high reward.
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