management shakeup required, page-17

Macleod

I have answered your question: I have reduced my holdings. I am doing so slowly.

Your quotes are from March 17th. Today is July 5th. What has happened since then? NOTHING.

When was the BFS promised? Dec 2009. Has the BFS been delivered? NO.

Has NKP met any deadline? NO.

Did NKP disclose the Beng case? NO. It was only due to Stagman that we found out.

Does NKP have any major international investors? NO.

Does NKP have any institutional backing? NO.

Now, we are being told the BFS is not required, JV is more important.

SP clearly indicates that nothing is happening.

Now I ask you: why do you remain so optimistic? I have plenty of reasons and proof to back my case, give me yours.

Ralph