I assume that Zijin will be doing an IOP for their platinum assets.
That being the case and Zijin indicating to date their reluctance to increase their cash offer for Dissenting Shareholders I have the following proposal for consideration.
What about Zijin offering us shares in their new IOP?
I may consider receiving shares in exchange for my NKP shares . Zijin would not have to outlay any cash. Naturally I would need to know the par value of their new shares, exchange rate etc. My exit expectation will still be the SRK midpoint and not the 10c per share on offer.
Yes I know I have said previously no future Sth Africa investment. But if there is upside and a favourable resolution I may need to consider.
NKP Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
