A $2 offer from Xstrata may never occur. I only mention it as this was the Geneorah expectation if such an offer was to eventuate. I assume that the $2 was based upon Genorah short term expectation before mining commenced.
I have no idea what NKP will open at. It depends on the quality of news, how many day traders have been burnt and how many of D & D supporters want out. However IF Alex Cowie revises his stance once he has factual info then maybe D & D support will continue. I am sure that he may have regretted not checking all the facts before setting his SELL recommendation.
I do not believe that there are any deals pending with the Chinese. Nor a HK listing. Priority will be ARM/AngloPlat or Xstrata if they make an offer that cannot be refused.
NKP Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held