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Originally posted by topwon
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While 10-15 cents may seem like a good price for NKP today it is nowhere near a fair valuation. In another thread Macleod posted a so-called model using the Norton take-over but in fact the circumstances around the upcoming Nkwe take-over are completely different. Norton did not have to repatriate funds into Australia and was able to develop the mine without buying out a small number of shareholders rumoured to have wanted 50c.
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I disagree with the statement "lower price means less tax", that's like saying you would accept a lower price to pay less tax...... more tax to pay, always means more profit/cash available....
