NKP 0.00% 9.9¢ nkwe platinum limited

the 'real' story so far and plan of action , page-23

  1. 5,657 Posts.
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    Balilow.
    You stated in point 5 that Alex then made the sell recommendation on NKP without consulting either Nkwe, Genorah and most importantly Anglo PLC (the parent and controlling entity of Anglo Platinum).

    Alex contacted both AngloAmerican and ARM directly, he states in his update.
    He received a response from AngloAmeriacn in Johannesburg, stating that it had initiated the legal process and that the application is against the awarding of the five farms to Genorah, amongst others.

    You have confirmed this in point 4.

    4.Subsequent to the Con Court's decision, according to Anglo Platinum Media Affairs, Anglo Platinum initiated a legal process by applying to the DMR for review of the rights to nine farms, five which were granted to Genorah, three to Bauba and one to the Sekhukhuni community.

    Alex made this statement in his Friday 3rd update.
    "....another two neighbouring companies, African Rainbow Minerals and Anglo Platinum, state they've taken action against rights of all five of Nkwe's farms."

    NKP contacted Alex flatly denied this and he e mailed this to us on the 6th

    Alex then received information from Anglo stating that it was indeed was true.
    On the 7th Alex gave the sell recommendation stating that the risk was now to great.(understatement, much)

    Then you go on to say
    The rumoured Joint Venture deal between Nkwe, Genorah, Anglo PLC/Platinum and African Rainbow is then the most likely outcome post the BFS release and now they are all playing nice.
















    To investigate this I contacted both AngloAmerican Platinum and ARM directly. I have now received a response from AngloAmerican in Johannesburg.

    This states that it has initiated the legal process. The application is against the awarding of the five farms to Genorah, amongst others. This comes as a shock and I invite you to contact these companies to confirm this for yourself. Contact details are on the websites.
 
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