NKP 0.00% 9.9¢ nkwe platinum limited

options announcement out, page-29

  1. 1,136 Posts.
    QSS - It doesn't say they will be extended, it says holders may be able to "continue with an equity interest".

    I read that as they will be wanting cash. So there are two choices, either they pick up $20M by conversion if the JV goes through in time, or far more likely imo (we all know what "coming weeks" means - probably this year), they ask for cash as part of an offer of a rights issue.

    I don't think Genorah would have been overly happy at letting go of 20M shares to keep Nkwe afloat, so they may not mind doing a deal with option holders to get extra cash in the coffers.
 
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