This was a post I made back in March 2011. Four out of eight boxes ticked so far (1,2,3,6). I am still expecting the other four to be ticked in the next two months. I have taken the opportunity to top up at these levels. I also noticed Jubilee Platinum look like they may be taken over.
(post 9/3/2011)
What can we expect from the announcement?
My Opinion Only
1. DMR return the rights to Genorah 2. Genorah's holdings reduced to make way for Bengwenyama Investment vehicle.(I would expect some compromises) 3. NKP holding unchanged at 64%. 4. Involvement with DRA. 5. BFS on Garatau 6. Share price to go down initially. 7. Anglo or other JV 8. Larger Institutional Buying.
JOHANNESBURG (miningweekly.com) ? JSE- and Aim-listed Jubilee Platinum said on Friday that it was in discussions regarding a possible takeover of the company.
Shares in the company surged more than 30% in Johannesburg and London after the announcement, trading as high as R3,85 a share on the JSE and 34,88p a share on Aim.
Jubilee, which has many projects in its portfolio and was focused on numerous small-scale near term mining opportunities, indicated that there was no certainty that an offer would be made or as to the terms of the offer.
NKP Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
