bfs , jv delays and where i see this going., page-16

"The 100% funding for 50% share is not the final agreement and I would well expect to see amendments to bring new SA/Asian investors into NKP"

If X is in they will not want to make the picture any more clouded with new investors.

Ultimately, like all the big boys, they will want to move to 100% ownwership.

I reiterate, X hold no cards here - it's not as if they have some specialist PGM group expertise (quite the opposite) so if they choose to get cute and seek significant modifications to the option to JV deal they will get gazumped imo.

I tend to agree with gefi - the seemingly endless delays in releasing the final BFS numbers may be the result of a lot of negotistions behind the scenes with a view to announcing the final NKP - X deal either concurrently or in short order after the final BFs numbers.

For what its worth a concurent release (BFS + X JV deal) was what Dr Cowie flagged some time ago. Moreover, if Nkwe were negotiating terms with X when he spoke at that UWA meet & greet there is no way he would have mentioned it (and rightly so).

Entirely understandable that some investors/punters are getting incredibly itchy feet but what othert play can you name where there is the possibility of multiple times gains in the space of days/weeks should the news be out soon?