I dont know many companies with a $100mil market cap that would...

I dont know many companies with a $100mil market cap that would be considered on the verge of bankruptcy or a 'going concern'.

Ofcourse NKP isnt producing, and we still have salaries and legal bills. We have relied on cr previously. Genorah can continue to use more stock as colateral. I guess at some point it will stop.

But as others have said, their is no external debt and no pressure of defaulting. Just an ugly situation that will eventually result in massive dilution when the loan is either paid out or converted into shares.

We know their are several events that need either cash or shares to be placed. Deals with disputed land, land access, capex, etc. Plenty of dilution on the way. But hopefully at a higher price?

The issue is until JV is done we dont know how big the pie is. ie how much we lose in % terms. Then we dont know how big our slice will be. ie how many shares on issue.

With the massive variations possible, its very hard for the market to stake too much on NKP.