Where are we at...???, page-4

Nobes

Re your questions:

1. Why no buying?

This question continues to be asked week after week, month after month and unfortunately year after year. The answer is that due to the history of false starts, lies, delays, and new issues arising shareholders and potential investors have no confidence in directors delivering anything. Until all risks disappear most investors will remain in hibernation. Rumours no longer create confidence.

2. Guaranteed 30c or more coming?

No one has offered any GUARANTEE with regards to a takeover price. There is anticipation and speculation regarding what a takeover could be.... based upon various unofficial valuations. Zijin has not tabled a takeover offer. Therefore there is no guarantee. That's another reason why most investors have not committed to buying more shares.

3. A decent profit from 7c?

Indeed you only have to see that Zijin offered Genorah 12.5c for their NKP stake to know that if an offer is made it would exceed 12.5c and therefore a decent profit from todays price. Most of us however expect a higher price IF an offer is made. WHY? Because minorities hold a blocking stake.

4. Just forget it?

Yes. Until we get an announcement regarding the finalisation of the Genorah sale to Zijin there is no need for any excitement.