"Xstrata Alloys anticipate completing their review by the end of the first quarter of 2011, following which Xstrata will decide whether to exercise the 50% participation option it has acquired."
I have not yet touched the beer, so reading carefully, I believe the review will be completed by first quarter 2011. Followed by a decision to exercise the 50% option. Note, this is in line with the director commments of a JV decision after the BFS to be released by May 2011.
Observing today's buy-sell spread. I notice an accumulation pattern, where buys outweighs sells 2 to 1. $275,756 to $139,105 (Volume 844,216 to 428,249). Although volumes is not much to light a fire cracker it. It gives some comfort that the biggies are slowing down the selling.
I have emailed various NKWE contacts, however, not sure if I will get a good response given the confidentiality of the agreement, although nothing is yet seen to have materialised.
I hope to see investor confidence return. Or to give some thought that PGM supply is limited to SA, where around 70% of the world's PGM can only be found in SA. To secure limited, monopolize supply will this be enough to overshadow or compensate political risk concerns?
Looking forward to clues of a JV. The BFS could be out by next Month.
All the best to all holders! LM
NKP Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
