If a jv is close then do not be surprised that part of that is a takeover offer for minority shares. I would assume that would be from Genorah and that has always been why I believe Management has been so aloof from shareholders.Once a jv is in place funding for a takeout of minorities will not be diffilcult.I would not assume a huge premium.
It makes little or no sense to have minority holders except for raisings and the money required will be so large it is more easliy handled in debt markets or a new class of share in UK or HK.Time will tell.
NKP Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
