NKP 0.00% 9.9¢ nkwe platinum limited

Some reading...

  1. 100 Posts.
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    Some reading here:
    https://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/rg213-published-11-May-2012.pdf/$file/rg213-published-11-May-2012.pdf

    Basically it is done to remove restrictions from any secondary sales of shares (including those from convertible bonds).

    In Nkwe case, I assume this means that Zijin would be free to sell it's new Nkwe shares (whereas without it there might be a 12 month period of restriction). Would Zijin want to sell shares on-market to keep the price capped..? Perhaps.

    All in IMO only.
 
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