joint venture, options and general infomation, page-5

Hi Stagman,

When I referred to "terms and conditions of a joint venture not being as "good" as people think" is because I see the longer the issue drags on the less bargaining power NKP has. Its just from business sense. That is all.

"Xstrata being shown the door" this sounds like a "defensive excuse". I would not believe this for one minute. Xstrata has very high debt and fact is that they are more focused in expanding existing operations and have prioritised debt reduction since the GFC. To develop Tubatse and Geratouw Xstrata would need at least $1billion debt to fund the CAPEX.

If you know something solid Stagman that indicates that I am wrong and a more optimistic outcome can be achieved then I will be glad to be wrong.

Hope that all the $1 price targets and $1.50+ long term target come true for the LT holders.