They are no more or less likely to be granted the license than before. Nothing has been resolved. Yet they will allow trading to commence?
The only thing is they still have time for an announcement prior to trading.
Without an update, all holders have is guesswork because that according to PL is all NKP have.
The ASX need to be careful here. At the very least they need clarification on which Beng(or both) are onside.
People will make uninformed decision and it could have serious consequences from both falling or rising sp.
I wouldnt be grasping at straws and assuming NKP have the moral or legal high ground here.
Makes more sense to understand that the landscape has changed significantly. That Beng and Anglo wont go away.
That being said, it is NOT NKP responsibility to get it right. Its Genorah's. So you would expect Genorah to be liable and make good by using their shares to rectify the issues. That could/should leave NKP back where they started.
Ofcourse if the price is too high then legal avenue is only way or NKP might need to contribute a few shares too.
But overall, you would expect most damage is too Genorah.
You dont want to be a company in distress and get bent over the barrel of Anglo or Xstrata.
NKP Price at posting:
45.0¢ Sentiment: Sell Disclosure: Not Held
