I get your tongue in cheek comment about being interested in the JSE IPO and I'm sure that plenty of others do as well. It would be interesting to view the draft of the JSE IPO prospectus to find out exactly how many multiples north of $AU64M (based on current share price) they intend to value the Nkwe Platinum assets at in the proposed float. I'll have a stab in the dark. 5-6 times.
I think the whiz kids advising on this acquisition must think they are dealing with 460 drongos.
Does anybody know whether the legal profession ever circulated "100 Ways to Milk the Corporate Cow" in the Chinese language? If they did then please send a copy to Zijin Mining Limited as I'm sure their corporate advisors forgot to pass one on.
NKP Price at posting:
8.0¢ Sentiment: None Disclosure: Held
