cash is not an issue as it is extremely unlikely NKP will develop its platinum alone.
Nkp is a very unusual company unlike any in aust. Firstly it has effectively been given an asset for nothing due to it being effectively a black empowerment company. Unlike Russia these companies are effectively charities.Time will tell how effective that model proves.
However it has been slow due to Anglo being involved in a political fight with Governement about its new approvals. NKP was at the forefront of this as you know. This is now resolved.....it appears.
Now NKP is in transition from litigant to developing its assets. It must now keep drilling but the key is the ann of its JV partner. This will be the real catalyst.
In the interim older shareholders are exiting.This company is cheap if you think they have the resource and the skills to jv it. I do but i can understand impatience as they have promised too much too quickly in past.
NKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
