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Originally Posted by cammo
Does sharetrader 78 = jbmurc?
That is Correct
I see the deed is out get signing guys ! send a clear message to Zijin/JJ we won't be bullied into low ball offer
Last edited by JBmurc; 30-05-2018 at 08:36 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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I'm sure NKP/JJ mgmt are having issues sourcing a Valuator to back up the 8c offer which values our net PGM resource at less than $3 per resource oz
-Zero value for gold other metal credits etc and nothing for deeper resource exploration upside which should well add tens Moz of PGM
Nothing for permits/license >>
It's beyond comprehension valuing such a large PGM project at these levels >
Just maybe another party would like our "United minority Group" shares in an off-market transaction ??
Disc-Buying more today 8c going look very cheap come the final outcome IMHO
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Member
If the price they're offering is 8 cents, why buy them at 8 cents?
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Originally Posted by younga
If the price they're offering is 8 cents, why buy them at 8 cents?
because we as a united group have turned down that offer and through legal channels have let NKP mgmt understand this..
If NKP goes ahead it would be just a waste of funds..
they want controlling stake then they need to wake up and stop the endless BS
Independent valuation backing up a fair value both parties agree on
Last edited by JBmurc; 02-06-2018 at 11:39 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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To be fair, there is no offer yet, just an indication. As JB says, pffft to 8 cents, it's worth multiples of that, and the Chinese know it. They also know they must get to 100% in order to receive their funding, and to repatriate the asset into RSA.
Discl: held years ago, and bailed almost all of them, hence the ongoing interest via a residual holding. Bought back in a while ago at 6.6, then again last week at 7.9 and 8
Our extremely well organised and funded group hold over 25%, so they cannot get to the key 75% level needed to 'approve a T/O by merger', let alone 90%
30 cents will do it for me
Last edited by Xerof; 03-06-2018 at 09:41 PM.
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Originally Posted by Xerof
To be fair, there is no offer yet, just an indication. As JB says, pffft to 8 cents, it's worth multiples of that, and the Chinese know it. They also know they must get to 100% in order to receive their funding, and to repatriate the asset into RSA.
Discl: held years ago, and bailed almost all of them, hence the ongoing interest via a residual holding. Bought back in a while ago at 6.6, then again last week at 7.9 and 8
Our extremely well organised and funded group hold over 25%, so they cannot get to the key 75% level needed to 'approve a T/O by merger', let alone 90%
30 cents will do it for me
Yes and every share the U.M.G Buys and holds the better the chance we will get a much high price as IMHO after the JUNE general meeting NKP will release valuation backed up with a higher offer 12c etc hoping it will be enough to get the the extra 14.75% ... as I'm sure they know now quite clearly 8c is a joke with zero chance of getting more than 1%
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Some of the Q & A from the meeting AGM I found interesting
9. Has the board of NKP made Zijin aware of the fact that its Takeover Proposal is unlikely to
succeed on its current terms because it does not have the support of sufficient minority
shareholders who can and will block the Takeover Proposal?
Nkwe board is unaware of this claim make being established so no. (hahs yeah right)
10. Is the board of NKP engaging with Zijin in relation to the Takeover Proposal with a view to
extracting a superior offer?
Yes. (More like Puppet NKP board is working hard for Zijin to con enough minority S/H to cross the 75%)
11. Does the board of NKP consider it is currently in full compliance with its disclosure obligations
under Listing Rule 3 of the ASX Listing Rules?
Yes, we consider we are in full compliance. ??
12. Does the board consider there to be any risks to the assets of NKP in South Africa if Zijin is
unable to secure full control of NKP? If so, what are these risks and what steps are being
taken by the board of NKP to mitigate against these risks?
No.
13. Is NKP able to develop its assets in South Africa into production in its current structure as an
ASX listed company?
Yes, however, the company will need to raise financing to further develop its assets and
bring these into production (well funny how NKP mgmt have tried there best to run ASX listed NKP into the ground since relisting zero engaging with the market or S/Hs to see a Higher SP)
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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T/H change of control transaction!!
Download Document
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Offer of 10c , 75% yes vote required.I thought but it looks like a simple majority required!! Waiting to hear from our man.
Last edited by Joshuatree; 16-08-2018 at 08:03 PM.
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Originally Posted by Joshuatree
Offer of 10c , 75% yes vote required.I thought but it looks like a simple majority required!! Waiting to hear from our man.
I can’t fathom how an offer can be justified by comparison to recent share value...
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