NKP nkwe platinum limited

great idea, page-16

  1. 7,746 Posts.
    "The point I'm making is wouldnt it be more benifical for the Bengwenyama-Ya-Maswati tribe to have 5% interest via Genorah shareholding in 20.37 Moz rather than just 6.79 Moz which from memory is all Bengwenya Minerals is offering anyway. A stand alone mine for Nooitverwacht may not be viable were as a mine for Eerste Geluk, Nooitverwacht, Hoepakrantz is. This Concourt verdict may turn out to be a hollow victory for the Bengwenyama-Ya-Maswati tribe."

    That was my belief, until I realised the structure of their gold license. Beng wanted (and got) 51% ownership. The financial backers only got 49%

    If they play that hard ball with NKP, I guess you might as well play roulette. All or nothing.

    Whats the point giving them 51% and then Xstrata take 50% or 50% of whats left. Nkp would be diluted to nothing.

    I hope they can settle out of court for something better than 5% but less than 51%. Maybe 15%, mostly funded from Genorah 26%.
 
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