NKP had a Special General Meeting back in March 2016 Answers and...

NKP had a Special General Meeting back in March 2016

Answers and Actions are still outstanding to questions that impact the valuation of NKP takeover offer. For the record:

Refer Company Announcement dated   4.3.2016.


"Background
NKWE Platinum Limited (NKWE or the Company) paid Genorah Resources (Pty) Ltd 250m NKWE shares for the 64% holding of the three Tubatse farms and then spent in the vicinity of A$25m on exploration on the two Tubatse farms (Nooitverwacht and Eerste Geluk) that were subsequently lost due to a court ruling.

Questions 1.
What does the Company plan to do in order to recover these costs from the new owners of Nooitverwacht and Eerste Geluk?

NKP Answer:
Various options remain available to the Company regarding this matter. The Company does not wish to comment any further as this may be prejudicial to its rights and remedies.

Question  2.

Why have no details of the debt and recovery of expenditure been communicated to the market and NKWE shareholders?

NKP Answer.
See answer to question 1


Question 3.

Does the Company plan to take any recourse action against the DMR who originally granted the prospecting rights? If not why not?

See answer to question 1 "​

Interesting that over two years have lapsed and still no action from NKP Directors.​

Without those 250m NKP shares received from Genorah , Zijin would not be in the prominent position to launch an opportunistic takeover.​

Is Zijin waiting for the takeover to be completed before seeking to recover the $25m spent on the Tubatse farms?

Who is looking after Minority Shareholder interests in these matters?  ASX...NO...... ASIC..NO.