anglo/ arm risk, page-7

Sounds obvious, but the real driver will be a JV partner.

Putting aside everything, even if there were no legal issues, NKWE need a JV partner.

There is absolutely no way they can raise the money themselves or bring a mine into production themselves.

The question is, who will partner them and on what terms?

DRA is one obvious candidate and they seem to be willing to take equity rather than cash.

This perhaps will be the real driver in price.

And my gut feel says that this JV partner and deal has been consumated behind the scenes and it is only a matter of time before us mug punters are told what it is.

I am happy to wait until then. I want to see someone else put some major coin in before I do likewise.

Ralph