Wow, our "imminent" situation looks to be finally unfolding.
Think about it, when was the last time you saw NKP market depth with the sell side thinner than the buy side. Of course that can and will change no doubt.
Fact - Jin Jiang have finally announce the completion of the sale of shares from Genorah. Incompetence out of the way. Yay team.
Fact - Mining Right registration can finally be completed. It is imminent. Hahahaha. Sorry, I had to put that in.
Fact - The only thing in the way now is a stubborn group of minority shareholders. Yay team again.
For Zijin to progress to the next stage (any next stage) they must consult with this stubborn group and win them over. Business is business and no doubt Zijin will try to offer a carrot that suits them. But the stubborn group is the bunny rabbit in this relationship and will be tempted by the carrot. Hopefully with a little resistance we can see that carrot grow to an acceptable size before it gets gobbled up. Once the carrot gets gobbled up then Zijin can have rabbit stew by controlling the rest of NKP.
I pledge my full support to the group of minorities because there is no doubt that we, as a stubborn group, will force Zijin to listen, one way or another. The leader of this group is very knowledgeable in such dealings and has serious skin in the game so I respect everything he says and achieves. In my eyes, he and only he will decide how and when I will be able to terminate my speculative investment in NKP (held for over a decade).
The good news is that it appears we are finally headed towards a resolution and peace at last.
The better news for me is that my blood pressure is finally under control. Stress is a terrible thing :-(
Hi ho silver............away.
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