Hi StoplossesIf you get a chance have a look at NKWE's annual...

Hi Stoplosses


If you get a chance have a look at NKWE's annual report 2008 - Managing Directors Report, particularly pages 7,15 & 35, which states the deal conditions.

Page 7 " Upon exercise of the option by Nkwe, Nkwe and IGC agree to facilitate the acquisition of the 15% interest in the Tubatse project by way of a scheme of arrangement (ie cash and/or share offer to acquire all of the issued capital of IGC). If a scheme of arrangement is not implemented, Nkwe and IGC agree to pursue the sale of the 15% interest in the Tubatse Project by way of an asset sale".


I'm thinking that Nkwe shares are being pushed up to issue us some cash, say 20c plus inflated share scrip to complete the buy out , or Tony can & will sell them the 15% without s/h approval (which he stated he will do at a s/h meeting)and he will retain the funds in the company.


JRB