NKP 0.00% 9.9¢ nkwe platinum limited

nkp independent due diligence, page-6

  1. 2,755 Posts.
    Burntgamber

    Thanks for the info. I'm quite surprised that your friend managed to speak to someone from Bowman Gilfillan for the same reason your friends friend at Norton Rose couldnt converse with him. Bowman Gilfillan represented African Rainbow Minerals interest in terms of setting up the Modikwa joint venture.

    Putting aside Genorah and Nkwe's problems for the moment, Bauba Platinum have the other two disputed Modikwa Deeps farms and this is what they have to say on the matter.

    The basis of RPM’s contention in the judicial review is that the DMR erred in finding that the grant of a prospecting right to RPM would

    1.Lead to a concentration of mineral rights in the hands of RPM

    2.Result in an exclusionary act.

    These reasons are summarized by yours in the "use it or lose it policy" and the constitutional process. Your third argument with ARM representing the neglected community doesn't ring true in this case because the Bapedi own the surface rights on these farms and hold 40% of the equity in Bauba platinum with the Bapedi nation king sitting on the board.
 
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