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    FEAR n GREED JBmurc's Avatar
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    Sep 2002
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    Quote Originally Posted by SCHUMACHER View Post
    Another wealth destroying story for the small guy - i recall similiar thing happened to AGS - Beverly 4 mile AND THEY LOST OUT to Heathcote however AGS should never have farmed out so much so that they would lose control -

    NKP may be able to sell their stake for say 2 to 4 x current price but once that happens the world class asset disappears and these clowns have nicked an asset for a fraction of market value mmm same old same old- reminds me of those early days of the corporate raiders of the 80's and 90's

    ****so i guess question now is - what would these raiders offer NKP shareholders for the remaining 40% stake?
    I've done a few numbers and from talking with many of the other members of the minority Group (which holds 24-26%)
    I understand 40c AUD would be a very fair acceptable starting price (still dirt cheap for Zijin)

    ...but of course PGM prices have increased another 15% in value since then so mid 40's could well be the new fair value price.... from memory I used only $40 USD per reserve PGM oz

    Last year EVN.asx offered some $60-70 per reserve gold oz for my PXG shares (and they got control of PXG not long after final offer)

    Of course Zijin will make a pathetic ..maybe 10-12c offer once Mining Right Registration is finalized ..backed up with a crooked valuation report...

    But they need us to accept to gain full control .....so it's going be a fight to the death ....
    Last edited by JBmurc; 02-08-2016 at 08:00 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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