Hi all. I haven't posted for ages but have held on to NKP for quite a while now.
Just a quick scenario to run by everyone.
Lets say everything pans out the way we would like i.e. BFS comes out positive enough for X and license to mine is granted. In this scenario, why wouldn't X just do a straight TKO of NKP? They could easily offer $1 per share and would only cost them $330m to do it. If they are going to fund the full CAPEX then I think the return would be better if they owned the whole project?
Would anyone not think Genorah would take the near 100% premium on today's price? This worries me more than anything else.
NKP Price at posting:
55.5¢ Sentiment: None Disclosure: Held