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on th On the money Wayne..i've spent a lot of money on this...

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20/11/17

19:40

Post #: 28962113
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on th

Originally posted by wayne25 ↑

Hi Albert E,

Yes, I think it's a pretty sure bet as to why there has been this initial selling upon re-trading ( not that it has been large scale by any means ) ... As you say, a number of shareholders who are either not aware of the whole picture or just happen to need the cash have taken the opportunity to liquidate at least some of their holdings at whatever the market is paying.

Now to the other side of the equation ... Why are there not more buyers who are willing to push up the price, knowing now that the mining licence is back in play and once registered should prompt the start of probable takeover action ? ... The SP should appeal as seriously undervalued for those who are following the story closely.

My take on it is that the people who are indeed watching the big picture and who would normally be the keen buyers in these circumstances are the very same people who are already medium to long term minority shareholders ... and most of them probably already have significant amounts ( by their own standards ) invested in Nkwe shares and expired options ... They already stand to get back a lot of money if / when Nkwe eventually comes around to offering a fair takeover price ... particularly if Nkwe are "persuaded"to re-issue the options as part of the negotiations with minorities ... So most of them would understandably find it hard to justify increasing their level of risk ( even if they had the funds available to do so ), regardless of the current bargain-basement SP level.

Of course, once things develop further and the improving story reaches the ears of potentially significant new investors, the picture could change quickly ... Which is why I think Nkwe / Zijin will act pretty swiftly once the ML is totally locked away ... An increase in interested buyers and rising PGM prices would NOT be a scenario they would like to negotiate in.

Anyway, that's just my opinion on the current status, for what it's worth.

As always, GLTAH ... Stay strong and united.

Wayne

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On the money Wayne..i've spent a lot of money on this stock over the years and i'm not spending another cracker..personally i was hoping it wouldn't trade again and we'd get an offer..it's only been trading a couple of days and the banjos and violins are in full swing already

NKP Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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