a goldie of a deal., page-67

Thanks Avarie09.
I just want the truth. PL has been in trouble for non disclosure with another of his many company's.
I have read other threads from his other company's.
The same story over and over again. Time lines that don't happen, C/R's. Promises, more time line and then C'R.

I may have no effect on him at all, but I'm going to give it a bloody good go.

I will take you at you word in regards Grant Thornton Averie09 and thanks for the info.
Still trying to put the pieces together so any help I can get is much appreciated.

19 Aug 08

to Key points:
? International advisory firm to be appointed to provide independent valuation of
South African platinum holding,
? IGC and NKWE step up negotiations regarding a potential merger,
? Parties committed to having agreement in place by October 2008

17 Sept 08.

International advisory firm Grant Thornton has been appointed to provide
independent valuation of South African platinum holding,
? Parties on-track to having agreement in place by October 2008


6 Nov 08.
IGC receives independent valuation for South African
Platinum Asset ? merger negotiations step up.

12 Jan 09.

12 January 2009??
IGC Finalises Merger Terms @ AUD$60m Valuation??
Key points:
‐ International Goldfields Limited board sets key terms for merger with fellow Australian‐based platinum company NKWE Platinum Limited,??
‐ Cash offer (by way of Scheme of Arrangement) proposed for each IGC Share based on a project valuation of AUD$60m for IGC?s interest in the Tubatse Project
‐ Merger terms structured to consolidate ownership structure of one of world?s most prospective platinum tenement areas
‐ Aiming to have transaction completed by 31 March 2008

Keep in mind that IGC have still not earned they 15% from Genorah to sell/Merge and that there is a band on drilling on two of the riches farms and court action under way to take these farms back.Which has happened.

Where is GT report. It is not supplied. Not released to market with basic details. Did GT even do the Valuation.
GT is not mentioned after 17 Sept 07.

Can some one tell me how this is a good deal for NKP because it's one hell of a deal for IGC. market Cap $30m