Hi McCloud, I would think that OKAP+PL have had a very big say...

Hi McCloud,

I would think that OKAP+PL have had a very big say in NKP

Just a brief look at the 2009 A/R

From 2009 Annual report

Directors Maredi Mphahlele (Managing Director)
Peter Landau (Executive Director)
Mxoleli Nkuhlu (Non-Executive Director)
Sharif Pandor (Non-Executive Director)
Anton Weber (resigned 30 June 2009)
Company Secretary and Legal Counsel Peter Landau

Peter Landau
Executive Director
Mr Landau is a corporate lawyer and corporate advisor, having previously worked with Grange Consulting Group, Clayton Utz
and as general counsel at Co-operative Bulk Handling. Peter is responsible for providing general corporate, capital raising,
transaction and strategic advice to numerous ASX listed and unlisted companies. Mr Landau has project managed a significant
number of mining exploration and development transactions around the world including capital raisings, M & A, joint ventures
and financings. Mr Landau is a Director of a number of ASX listed companies with particular focus on mining, oil and gas
exploration and development in Australia and Africa, including:
Range Resources Limited from 8 November 2005
Continental Capital Limited from 10 December 2002


During the year Nkwe entered into agreements that will result in the disposal of the Kliprivier, Ghost Mountain and Tinderbox
Prospects, which will ultimately see the Prospects transferred to ASX Listed company Morningstar Holdings Limited (ASX:
MSH) and in return Nkwe will received 30.4m ordinary shares in MSH with half granted upon execution of the transaction and
the remaining half upon the granting of a mining right over any of the Prospects or takeover of Morningstar Holdings Limited.

( That was done when Peter Landau was legal advisor.
. MSH is now RRP . has traded 18 days in last three months.
WOW!!!)
10. Capital and Reserves (continued)
(iv) During the year an option agreement was entered into with International Goldfields Limited (“IGC”)
in respect to IGC’s 15% interest in the Tubatse project in which 2,500,000 shares were issued to
IGC. These shares were valued at A$2.25 million based on the shares price on 6 August 2008 being
the date in which the option agreement was executed. Under the option agreement, the Company
extended the option period for a further six months and in return, issued a further 2,500,000 shares to
IGC which were valued at $0.155 being the share price on the date the option was extended. The
associated costs of the option have been expensed as exploration expense and as at the date of this
report Nkwe and IGC are continuing to finalise the transaction.

(NOT RELATED?????)

period:
Short-term Benefits
Post Employment
Benefits
Share-based
Payments
Director
Salary and
Fees A$
Eligible
Termination
Payments A$
Nonmonetary
A$
Superannuation
A$
Options
Expense A$
Total A$
M Mphahlele 300,000 - - - 2,235 302,235
A Weber * 95,453 - - - 1,242 96,695
P Landau 240,000 - - - 1,242 241,242
M Nkuhlu 55,000 - - - 1,242 56,242
S Pandor 55,000 - - - 1,242 56,242
745,453 - - - 7,203 752,656

Administration and corporate expenses current year (7,745,724) previous year (4,519,445)

(iii) During the year shares were issued in relation to the acquisition of the prospecting rights on the
Garatouw 282KT and De Kom 252KT Platinum Farms and relate to milestone payments upon the
establishing a compliant resource of 20 million 5PGE + Au ounces on the Farms as defined by Joint
Ore Reserves Committee Code. In accordance with IFRS 2, the shares issued have been valued at the
date which the amended agreement to acquire the Farms from Genorah was signed, being 13
September 2006. Total shares issued were 63,000,000 to Genorah and 6,300,000 for facilitation fees
on the Genorah transaction
(WHO WAS THE FACILITATOR?)
Key Management Personnel
Consulting fees paid to Okap Ventures Pty Ltd (2008: Lacka
Consulting Pty Ltd), companies in which Mr Landau is / was
a director, for the provision of corporate advisory, investor
relations, CFO and financial management services,
ASX/ASIC compliance, company secretarial and associated
services. Okap also provides office facilities in both London
and Perth. = 2009 $826,000 =2008 $1,024,244

HOW REASONABLE WAS THAT?
14. Related Party Disclosures (continued)
In May 2008, Nkwe Platinum (South Africa) (Pty) Ltd entered into a loan agreement with Continental
Capital Limited (“Continental”), a company of which Mr Landau is a Director, in which ZAR6 million was advanced to Continental. The loan is interest bearing at 10% pa and repayable on 31 December 2009,
coupled with 5m options in Continental (exercisable at A$0.20, on or before 30 June 2010).

PETER LANDAU WAS LEGAL ADVISOR
CCC SUSPENDED

(
(
FPPPPully Paid Ordinary Shares
Ordinary Shareholders
2. Substantial Shareholders
Number Percentage
Doull Consolidated Limited – (as trustee for Genorah Resources (Pty) Ltd) 376,000,000 68.89

PERHAPS CHECK WHO DOULL IS REGISTERED BY? AND WHO IS A DIRECTOR?

RB