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While i never take much notice when a poster shares numbers of shares held..........Jeepers you'll be needing the proverbial spheres of steel JB, holding this one.
Last edited by Joshuatree; 14-12-2015 at 02:22 PM.
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I'd be more stressed if I didn't have a big holding ...now it's just kick back and wait for Zijin / JJ Takeover offer ..It's not an if but when...
Valuation done by Venmynn Deloitte Johannesburg back in December 2014 it was suggested under a "reserve in ground valuation" Nkwe was worth USD20-USD36cents per share !!... so downside IMHO (outside Platinum crashing) is round 25c AUD upside high 30's
As we know Zijin/JJ need min 30.1% of the 40% they do not hold to take full control ....the very United Minorities Group holds least 30% with other major holders outside group keen to stand with the Minorities when it come to the Neg a value ....
"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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Special annual general meeting in Bermuda.Whats the reasoning here JB? Re the 2 questions ; how is that going to effect/ motivate/ trigger the takeover?
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RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
In accordance with Listing Rule 3.13.2, Nkwe Platinum Limited (ASX: NKP) (ìNkwe
Platinumî or ìthe Companyî) wishes to advise that the following resolutions put to
shareholders at the Annual General Meeting of the Company held on 23 December 2015
at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda, were passed on a
majority of validly appointed proxies. Resolution 1: Election of Director ñ Qixue Fang
Resolution 2: Election of Director ñ Richard Jones
In addition, information in relation to the resolutions passed by members of the Company
is also attached.
Yours faithfully
Zhilin Li
Managing Director
Nkwe Platinum Limited....
A new MD I see ...NKP mgmt really don't give a toss for shareholders or keeping the market updated ...
As to the EGM It's all about us monitories (making up round 30% NKP ) getting fair representation and option extension ....
A piece from the minitories leader recent e-mail-
On the 23rd December, Nkwe announced that the EGM will go ahead and that the Chairman will be voting against the resolutions put forward by minorities.
I have mentioned that the main thing is to sterilise the NKP votes that belong to Jin Jiang Mining in the upcoming EGM. The good thing is that I already have the "Settlement and Release Deed".
Also from that e-mail ....pre xmas feedback from minority group members that has spoken to Keith Bowker (Nkwe Company Secretary)
-"Ernst and Young will be independent. The will not risk their reputation by fixing the valuation" ( B.S)
-"The board is independent and it's irrelevant what shareholders think" (again complete BS)
-"From the last valuation I saw its 10-12cents". (you have to be joking 30% of the 40% NKP shares JJ/Zijin don't hold are held by our Minorities Group that stand behind their leader to fight tooth and nail for a fair offer 30cps+ )
Simple fact is JJ was meant to have NKP all wrapped up well before 2016 ...as we can see the last MD failed to do this(Zijin Not happy) ...now will the new MD be more proactive...
"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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Buying more NKP
IMHO in 20-30yrs etc we will see....Hyd Fuel cells take the mantle from current crude oil powered motors ....electric batteries will just never gain market ...to long charge time + short range + high costs to replace batteries(last 100-150kms) + will end up overloading power supply ,,coal,nuclear,nat gas
http://www.fool.com/investing/gener....es-that-f.aspx
I think most investors in Tesla and other battery-electric efforts just kind of assume that recharging times will drop significantly as the technology advances. Maybe they will. But the world's largest maker of green cars is betting that they won't -- and that long recharging times will prove to be an insurmountable obstacle to mass adoption of electric cars.
One would think that Toyota (NYSE:TM) could easily build a battery-electric car to rival Tesla's Model S, or at least its upcoming Model 3. After all, Toyota has been building hybrids for almost two decades. It has a wealth of experience with batteries.
But Toyota's scientists don't see a way to reduce charging times enough to overcome consumers' objections -- at least, not without massive inefficiencies. That's why the company has put its efforts behind hydrogen fuel cells -- a "better battery," as Toyota executives say.
http://www.angloamericanplatinum.com...-vehicles.aspx
PLATINUM IS THE KEY TO A GREEN FUTURE FOR THE CAR INDUSTRY
As a leading supplier of platinum and a supporter of hydrogen powered Fuel Cell Electric Vehicles (FCEVs), we will continue to partner with industry and governments, contributing to demonstration programmes and infrastructure deployment to secure the future of FCEVs and the future of platinum as a catalyst to this clean, sustainable solution.
http://blog.iseecars.com/2015/10/18....6-kia-soul-ev/
To our way of thinking these drawbacks were way too much for us to deal with. Perhaps an electric would be a fine around town extra or third car to run errands in. But due to charging limitations it will never have the versatility of the Hydrogen Mirai what with its speedier refueling times and longer range. It’s just that for now you have to live in California only and apply to buy one on Toyota’s website.
But hydrogen vehicles are now available from Hyundai and soon Honda will unveil its new FCEV hydrogen sedan as an obvious rival for the Mirai. The most interesting news was that Honda and General Motors had partnered a few years back to work together on hydrogen projects with apparently Honda taking charge of R&D and GM working on getting a national hydrogen infrastructure built. And how much might that cost? According to one GM executive we spoke to, getting a hydrogen station to within easy driving distance of 75% of the population would cost 7 to $8 billion dollars.
That sounded steep until we realized, isn’t that how much the Pentagon pays for a new hammer? Now while full electrics are the answer according to the greenest of the greener, we have to say we would rather own and drive a hydrogen powered car like the Mirai. The reasons are just too obvious to ignore.
"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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-Approved Environmental Authorisation massive tick for NKP more valued added to Project....
my pick once the opts have expired Zijin/JJ well announce T/O offer backed up by new valuation to their favour ...my pick 12-15c
But this will be rejected by the minority Group ....where we go from there will be down to many factors
"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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Platinum crossed $1000oz USD last night after recent low $800oz USD trading ...Zijin will be putting the acid on JJ and others to get NKP sorted
for T/O before valuation continues to increase >>>
"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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Value hunters finally looking into NKP today... yet the cappers still at play 7.2c right upto the close ....then the whole $99 worth of shares dumped into 6.9c buy .. T/A wise 7c+ close be great ..maybe tomorrow
"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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Good to see a lift. Holding a small speculative parcel. Lost dough on this co way back and back to make it up in circumstances which hopefully favour us holders this time round.Sure was a stacked dodgy deck back then and still an impasse to get through.Not as confident as you JB but I'm beside you. Hows the leg/knee?
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 Originally Posted by Joshuatree
Good to see a lift. Holding a small speculative parcel. Lost dough on this co way back and back to make it up in circumstances which hopefully favour us holders this time round.Sure was a stacked dodgy deck back then and still an impasse to get through.Not as confident as you JB but I'm beside you. Hows the leg/knee?
Yes mgmt / board have badly let down shareholders for some time ....but very simply you can't keep down such a great project at these panthic price levels ...NKP being valued at less than $2 per PGM resource oz when the AUD price is $1400oz+ then the fact it's going have a much cheaper AISC than the much deeper PGM mines in S.A ...
As we know NKP mgmt role is two fold #1 progress the project into production #2 take full control of the company .....Zijin 60% shareholder is in full control of mgmt/board but not ownership ....
As part of the minority group than hold most of the shares that Zijin don't hold ..we have a very united group/leader wanting a fair price aka -40c-50c AUD (uses NKP net PGM reserves at only $40 per oz USD)
the knee yes is coming along S.L.O.W.L.Y ...bloody cold down here at the moment so lazy on the exercise
"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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