Genorah hold such a big stake that nothing significant will happen with the company without their approval. What we trade on the ASX is only a tiny portion of shares on issue.
The current price is nowhere near the true value of the company, based on its resources, and I'm sure Genorah don't care if its sitting at 50-60 cents at the moment. Regardless of Xstrata's final decision. All the other talk about share value is irrelevant.
If there is to be a takeover, it will only succeed if Genorah are happy. Even if there is no takeover, Genorah will find a way to realise the value of its platinum.
Everyone is impatient, as am I, because news is pending. But still, this is very short term in the over all scheme of things.
NKP Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held