International Goldfield deal. Jan 3/09 In August Nkwe and Genorah sold Xstrata a $US10 million ($14.2 million) option to acquire 50 per cent stake of their holdings in five properties in the Bushveld's Eastern Limb that contain a targeted 100 million ounces of platinum group metals.
The IGC deal was for $60m for 15% for the 5 farms, including Tubatse, which at the time had a court order in place, stopping any farther drilling. This deal was rapped up late last year and settle a month or so ago.
So who sits on the board of International goldfields.(IGC)
Jane Flegg IGC Company secretary also company secretary of Continental Capital.
Directors Timothy Turner IGC Antony Sage. IGC Also Directors of Cape Lambert Iron Ore.
Director IGC Mr Povey Also Director of Range resources
PETER LANDAU Director of.. Resources Limited, Nkwe Platinum Limited, Continental Capital Limited, Cape LambeIron Ore Limited and BioProspect Limited.(NKP website)
You can make of that what you will.
http://wotnews.com.au/news/Nkwe_Platinum/?&page=1
P.S add up the C/R over the last 2 years.
NKP Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held