Just reading the 50% free interest bit ... got a few questions for the posters who are in the know:
If Angloplats wants 50% free carried interest and there is a capital development ... what would NKP final interest be? I am sure that for the financing cost Angloplats would want another chunk of the project as well.
Not sure how 50% free carried interest comes up here. This does sound a bit far fetched when I think about it.
If its 50% interest for a 100% loan to develop Geratouw then this may be different ... although NKP takes on the liability of the loan.
NKP Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held