good luck to all shareholders- you derserve it, page-5

Hi cgwhi1,

If the JV deal is the same as the Xstrata deal then I can see that NKP would be worth $1+. Opening straight at $1 is another issue.

I remember back in July 2011 there was rumour that there is going to be a cash payment for NKP, and NKP is going to use this cash to pay International Petroleum for the 10% remainder of Tubatse. I still believe that NKP still owes $45m to International Petroleum at this stage.

Also any deal needs to be a final binding agreement rather than another non-binding MOU asking for more time.

The terms and conditions need to be clearly set out. I remember that the Xstrata deal was only meaningful once the $10m is paid to secure the exclusive right.

On the farm swap issue ... I honestly did not do too much into this. Judging from what is posted on this forum then it can't be bad news.

The only thing that I am guessing here is that ... indeed if the deal is such a good one I would have thought that NKP share price would have ran to closer to 45cents (this was the price before the long suspension). Could it be that the terms and conditions are not that great or is there a catch to the "Joint Venture"?