NKP, NKWE PLATINUM LIMITED

[melua]

In Reply To: melua's post @ Jun 17 2012, 08:49 PM

Were the previous options holders eventually looked after?

[melua]

In Reply To: melua's post @ Jun 10 2012, 10:55 AM

Geez I'm surprised the stock is still above 12c based on that latest release. Huge capital costs, high cash costs and a very average IRR.

[melua]

In Reply To: melua's post @ Mar 20 2012, 09:17 PM

Another timeline missed with no announcement last week.

[melua]

In Reply To: melua's post @ Feb 21 2012, 09:08 PM

Just announced on ABC radio. South Africa is about to limit overseas ownership of resource projects to less than 50% and impose a new super tax of 50% on profits.

and this:

"South Africa’s ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering other plans to increase state involvement in the sector, particularly with regard to platinum.

According to the New Age paper the ANC report stressed that nationalization would be unaffordable, as the government would need to raise R1 trillion ($125 billion), more than its entire budget, to buy out listed mining companies:

The proposals included a 50% tax on the sale of mining rights to prevent speculation. A windfall tax of up to 50% on super-profits, defined as a return on investment of 22%, was also included. However, the royalty tax would be reduced from four to one percent.

Platinum, a strategic mineral, would be nationalised via “targeted interventions”, while the government would participate in the industry to a much greater extent, the weekly reported."

[melua]

In Reply To: melua's post @ Feb 1 2012, 06:29 PM

Looks headed for the courts again. Ugly. Expect the stock to test the 13c low soon.

[melua]

In Reply To: melua's post @ Nov 9 2011, 08:53 AM

Over 3 months on and still in suspension. A complete joke.

[melua]

In Reply To: melua's post @ Oct 18 2011, 03:50 PM

Trading halt re: JV
Will be interesting to read the terms.

[melua]

In Reply To: melua's post @ Oct 5 2011, 10:46 PM

Now 14c. I just see no fundamental reason to own this stock, even if it were to trade down to 10c.

[melua]

In Reply To: melua's post @ Aug 27 2011, 06:25 PM

Stock price stuck arround 16c/17c it seems.

[melua]

In Reply To: melua's post @ Aug 26 2011, 07:23 PM

Let's see what the ratio of new options to NKPO is.