NKP 0.00% 9.9¢ nkwe platinum limited

expectations mark 2 , page-2

  1. 5,393 Posts.
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    Hi Balilow,

    Thanks for your update. You say:

    " I am still expecting the other four to be ticked in the next two months."

    May I ask on what basis you have these expectations. Is this your own opinion or is this expectation from one of your sources?
    I've been hearing from PL about "...a deal in the next couple of months" since this time last year!

    The problem as I see it is that the DMR want Nkwe to JV with Anglo, but Anglo have only set aside 11B rand (US$165M) for JV's this year. This is obviously well short of what is required.
    Xstrata would offer a better JV deal but, until the DMR resolve the PAJA review, Xstrata will not JV.
    I could be missing something but I cannot see how anyone could know how long this stand off will continue.
 
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