NKP (ASX) Zjin as saviour?

Originally posted by burntgamber ↑

Hi Heron12,

I am on the same boat as you.

I am in the buy side, but if you have a seller (or a group of sellers) that is willing to hit the bids then why would you move up to the ask rather just place it on top of the buys.

I recall back in May 2013 when NKP first announced the $20m convertible at 10cents it took like October 2013 to officially get it through even though the shareholders voted to approve the deal in July in an AGM. The first $7m was released towards end of December 2013.I remember our share price crashed to like 4.5cents low then rebounded to 10c on the deal. Then it crashed again to rebound to 10c for a while.

If Zijin knows that we NKP was in deep trouble and they are just buying a "board seat" as some earlier suggested why on Earth would they convert their convertible bond when you can keep it as a debt to accumulate interest and play the "I will call the debt in 18 months" card.

Zijin going for an extra 146m NKP shares from Genorah, well of course if Genorah is on the sell side of this transaction then our management is not buying. Its because they are on the sell side (Genorah) and our newly appointed Chinese directors are on the buy side. Landau is likely brokering this and getting a fee.

I believe to date Zijin has placed about $23.6m to date. $20m convertible bond, $2m placement in December 2013 and I believed they used a subsidiary Jin Jiang to lend Genorah another $1.5-1.6m so these guys can take up their NKPO in last year's option rights issue.

If NKP can happen I can buy a mansion, and if ti does not then I lose a house (or apartment). No guarantees in life when it comes to business.

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"If NKP can happen I can buy a mansion, and if ti does not then I lose a house (or apartment). No guarantees in life when it comes to business"
lol. A lovely example of speccy gambling with bogan aspiration. Will the mansion come with outdoor TV?
Hows that mate of yours going? The one that had all the you beaut info? You look like a more arrogant version of mac clods.
if you and heron are on the buy side, stumping up those massive mansion making orders, where is anyone else?