Watch out for NKP taking off today.
Rumour has it that NKP has obtained the Mining Licence which has been a condition of Zijin's entry onto the register in a big way. Bonds converted into 200m shares.
Next move should be an announcement of either a JV or takeover.
Most are speculating on a takeover. Indicative value of NKP's assets value the stock above 50c but what will the t/o price be if/when it arrives?
Chinese like to take control of their ventures.
Watch for sp move today.
daytrading march 10 morning, page-17
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