Dr Cowie has dropped NKP from his tip sheet and we will never really know the exact reason. Was he misinformed by NKP? Did he misunderstand some of the issues?
My arguements are based on simple economics. If there are synergies between Tubatse surface PGM and Xstrata Ferrochrime then this is the project Xstrata would mostly be interested in. 2010 was a tough year for SA based miners as regards legal issues / rights and Xstarat being an astute investor was always going to wait to see 100% conclusion of key issues.
Certainly these are only my views / opinions.
BR Max
NKP Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
