Pete, I think its a bit harsh to lay blame fully on PL and to suggest his management style is rubbish is rubbish in itself.He has not been able to manage much and all the court action and litigation is not the fault of the company or any of its directors. NKP is mining in South Africa, everyone knows already there is political risk there, 'over all', Africa is still a relatively unstable/high risk continent for doing business.
Times are tight, shareholders are understandably anxious and exhausted, including Genorah, but of late, the volumes going through are immaterial to suggest anything is at play other than small time holders getting too nervous to handle it any further and there are simply no buyers to soak that up...perhaps the retail investor isnt comfortable at 14c, perhaps the market needs to see this at 8c for it to become a more balanced risk/reward investment or perhaps we will see a larger investor come in and start to soak the retail selling and perhaps drive it back to 17/18c
but until the volumes start to become decent or the % moves start to become large then the retail investors sitting on this dont need to worry
i agree this stock is a big gamble, but for those who like risk, it might pay off, you win some you lose some
NKP Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
