From what Mr X has advised today my understanding of events ( and status) that have and still need to transpire until we move towards a takeover offer are as follows:
NKP/Genorah Events and Status
Column 1 Column 2 1 2 1. Community Investment Issues Resolved 3 2. Land Clearance Rights Submitted to DMR 4 3. Water Use Rights/Licence Granted 5 4. Social Labour Plans Resolved 6 5. Social and Labour Plans submitted to DMR Submitted 7 6. Suspension/Cancellation of Mining Right by DMR Resolved 8 7. Project Presentation to Limpopo DMR Q1 2018 9 8. Obtain funds for VAT payment In progress 10 9. VAT Payment TBA 11 10. Mining Right Registration by Pretoria DMR TBA 12 11. Drawdown funds ( loan) from Chinese Authorities TBA 13 12. Takeover Offer TBA 14 15 Repat Assets Optional 16 List on Sth African Exchange Optional 17
TBA= To be advised
It has taken so bloody long in getting to this situation. Hopefully no more delays and hurdles. I do not understand why NKP/Genorah have not been proactive in the meantime in resolving VAT funding arrangements and preparing the DMR presentation. With the end of year vacation period looming we will now be in limbo until Feb 2018. The months/years just drag on. Hope it is all resolved before our spirit moves onto the afterlife?
Events and Status
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