This company is a joke...more delay... when are they gonna announce the options renewal?
The circumstances described in that announcement are still the pertinent position. The negotiations between the parties are still afoot and the company is confident that under the guidance of the DMR resolution of certain important elements of the negotiations will be resolved. Unfortunately the interruption of the Christmas and New year holiday break coupled with the recent indisposition of senior decision makers within DMR has brought about an unfortunate delay in fixing the company’s future direction. These events were completely outside of the control of the company. However the board is comfortable that matters are on track and that a definitive announcement will be made within the next two weeks. The company is acutely aware of the valid and substantial concerns expressed by shareholders due to the extended period of the negotiation and will ensure that any binding outcome will be announced immediately in conjunction with a resumption of trading in the Company’s shares on ASX.
NKP Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held