Good post RR. Thanks to ALL for posting including Ralph.
I would like to make a point about communication, and who is to benefit from this massive resource.
At present there are discussions about a JV which involve Genorah (MM), Anglo/ARM and the DMR. The potential JV involves the 'H' farm and genorah have settlement agreement in respect of their interests with Myeleti not nkwe and settlement involves full and final withdrawl of all claims. For what it is worth Nkwe have legal advice that it's interests in any of the farms under dispute cannot be touched: so it is up to Genorah to settle disputes including those with Miracle Upon Miracle. This is why there appears to have been a lack of communication from Nkwe to the ASX on these matters. Legally Nkwe holds rights to ALL farms. So legally it appears Genorah are going to have to sacrifice some of their share. IMO this is why it is taking so long to seal a deal. We are talking about three African organisations coming to an agreement.
I have been told they do have a new deadline before options expire. I would expect the share price to start rising at least a week before any agreement and will be watching closely for any rebound.
NKP Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
