announcement

An announcement is overdue notifying shareholders that the 15 million 90c options that were granted to Genorah Res expired on June 30th 2010.

Unfortunately NKP missed out on $13.5m of additional capital.

Genorah also missed out as i am sure that they were hoping for the JV deal to have been executed by then and profit made on converting options then selling shares. That would have given them sufficient funds to repay the outstanding loan to NKP.

Both parties have missed out.

Now unless the JV is executed before end of Dec 2010 another $45.6m of capital will be lost via the 50.6m options that will expire.

Many shareholders and directors ( who have options)want the sp to be above that 90c target as soon as possible. The additional funds will go towards paying off IGC for the amount owing on Tubatse.


The JV if/when executed will be the making of NKP. If only Xstrata would get a move on.How much verification that there is over 40 years at 1m oz pa of cheap platinum do they seek?????