What I am concerned about is Garatau. If we keep Garatau then we are fine. Tubatse would be a bonus at this point.
Furthermore we all have the view that Garatau alone is worth around $1 per share, which is essentially what previous research reports valued it at.
Keep in mind should we lose Tubatse the 250 million odd shares that Genorah own which are held on trust for the Tubatse acquisition will be null and void.
Essentially if we lose Tubatse and keep Garatau we will have around 35% less shares on the register. If this is the case that $1.00 valuation moves much higher towards $1.30/$1.40.
All in all Garatau is the key for me. If they hold this which I think they will NKP will be fine. If they lose Tubatse I would be dissapointed but knowing that there will be a 'undilutionary event' to follow it will certainly ease the pain.
Bottom line if we keep Garatau we will all be fine, and nothing i have read so far has given me the impression we have a genuine chance of losing it.
NKP Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
