With all the talks of "imminent Joint Venture" and once again timeframes being missed, I can see that this is more hype to get the share price to be well above 35cents so that the options conversion will happen. If all the options are converted then Nkwe will get another $20million in their piggy bank which means another 2-3 years of existence, especially now that no drilling work is scheduled. I believe if they want all the options converted then the share price would have to be >35cents. I cannot see much of the options converted if the share price is like 36-40cents.
If Nkwe fails and the farms goes back to Genorah...wow what a great deal Genorah is getting here.
Management from Nkwe has been a disgrace and their shareholders communication is non-existent except for the usage of the word "imminent".
If there is no solid Joint Venture partner resolution by the 31st August then I am out of this stock. What I want to see is a binding Joint Venture with all the terms and conditions clearly spelt out.
I have a gut feeling that if management cannot do a solid deal then they may come up it some hollow "non-binding Memorandum or Letter of Intent with a major player" crap to boost the share price short term. I can see this if they are talking to a Chinese party.
I hope that my current caution (some may even see it as negativity) is proven wrong and all shareholders (and option holders) are handsomely rewarded in the short term (time is running out for option holders).
Enjoy the rest of the weekend everyone
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