Here is the announcement released by NKP on the 13 Feb 08.
a) The parties will abide by the original decisions of the DME, firstly in refusing the applications submitted by Anglo Platinum and secondly in awarding of prospecting licences to Genorah;
b) The legal proceedings instituted by Anglo Platinum or its subsidiary companies, which were suspended in 2007, will be discontinued; and
Note c) Anglo Platinum, Nkwe, Genorah and ARM will enter into commercial negotiations to consider joint exploitation of their respective mineral resources.
As we know, NKP went into "commercial negotiations" with X. So who is the one that reneged.
Clearly, Anglo would not have been very happy about this.
NKP Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held