If i was managing NKP/Xstrata I would wait until markets settled before releasing any details in order to maximise exposure and interest in my stock. NKP needs its shareprice above 90c in order to have June options converted.After five months of delay a few more weeks is nothing in the scheme of things.
I am aware that short term platinum price and Thailand has nothing to do with the BFS. I was simply giving an example of global turmoil and nervousness in investment circles be it Thailand, Greece, Germany etc.Its a timing issue.
I agree that Xstrata have already decided on their course of action.The only thing we do not know is why more work is required on the BFS and the final option be it a sale of Garatau, NKP takeover, JV etc.
Anyway its a great time once again to buy a few more shares/options if you have spare cash. Unfortunately that's not me at present.
Naturaly I am still waiting for the announcement!
NKP Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held