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05/09/17

07:14

Post #: 26994345
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Originally posted by Macleod22 ↑

Listing fees paid.

If you read past posts you will see the answer for the suspension.

In brief...because the Mining Registration was halted by the DMR the company decided to use the suspension tactic. It allowed the sp to be frozen. When the takeover offer comes and Zijin offer let's say 10c they can claim it is 100% higher than the last price.

NKP had not met all the requirements for the registration to occur. Commmunities had also been left stranded by Genorah who had not advanced required funds nor assurances.

The good news is that both Zijin and Genorah are now finalising all requirements needed by the DMR. Once the VAT is paid there should in theory be no other hurdles to overcome.

What's to follow is the Mining Right Registration followed by an unacceptable takeover offer. Negotiations with Minorities will be the final step before long term holders exit.

It's been a very sad saga going back many frustrating years. In between there have been instances of theft, deception, directors not complying etc etc

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Is that the official company line?
I haven't seen an ASX ann. about it?

NKP Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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