This weeks report credits the NKP price rise since Christmas due to:
1.10% rise in the platinum price
As NKP is not a producer I tend not to agree as the sp has not acted accordingly over the past year. Lets see if it is now leveraged going forward.
2.USA traded exchange traded funds (ETFs) for platinum and palladium were a step closer.
Again NKP is not a producer. However this may be a factor once Xstrata sign up after the BFS.
3.The writers states that "I am planning to speak about these announcements ( Reserves Upgarde and BFS) with Peter Landau, the Executive Director of Nkwe before next week and will report".
Wonder when? Over the weekend? Cannot see Peter giving Insider Info.
The good news is that D & D supporters see a profit on their radar and will continue to buy NKP and push it along.
NKP Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
