third time lucky

Well it has been a long time between drinks for Colin Ikin & NCO - a failed uranium play, a failed nickel laterite play - what's next on the cards?

The option announcement of today signals to me that something may be imminent in NCO & I suspect this time Ikin will ensure all his "i"'s are dotted & "t"'s crossed before proceeding with any potential deal.

This option issue gives loyal shareholders a chance to double their exposure to the stock for minimal outlay. It will also be interesting to see who underwrites the issue - the usual culprits, Patersons, or some fresh blood.

There is no doubt that NCO has been a long, frustrating hold thus far, however, its tight structure & past track record of Ikin indicate to me that when this stock eventually runs, it will run hard. And there may be no better time to buy than cum option entitlement.

I have been a long term, loyal holder of NCO & have no doubt that may patience will be well rewarded at the end of the day.

The questions in my mind are:
What, if anything, does Ikin have planned?
When will it happen?

With the announcement of this 1:1 option entitlement, I don't think I'll have long to wait before receiving answers to these questions.