As Genorah sold its assets to NKWE the pricing was very fair. NKWE is just the business case for them to bring their huge PGM resource to the market.
Given the 69 percent stake of Genorah in NKWE they got all the power to control the company and managment to maximise their interests. For sure Genorah has no interest to sell their stake for a cheap buck to Xstrata or someone else.
It might be a long and bumpy ride for those who are invested in this stock but reward is going to be huge.
NKP Price at posting:
48.0¢ Sentiment: None Disclosure: Held