Yip. The "G" boys and girls have set up a pretty sweet deal.
A Company with out the BEE and major share holder running the show would have kept drilling the below farms to extend the resource, instead of just doing enough to get their own options over the line. 23moz.
Genorah Resources (Pty) Ltd (?Genorah?) to issue 63,000,000 common fully paid shares to Genorah upon Nkwe establishing a compliant resource of 20 million contained 5PGE + Au ounces, as defined by the Joint Ore Reserves Committee code, in respect of the Farms De Kom 252 KT and Garatouw 282 KT, collectively the ?Garatau Farms?. This milestone was achieved during the year ended 30 June 2009, with the shares being issued to Genorah at a value of $61,740,000.
Bottom of the range of the ASX 200. If it doesn't hold 4500 then next stop 4200.
NKP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
