Posters/NKP shareholders should do some research on Zijin's takeover moves on three ASX listed companies namely Norton Goldfeilds, Bullibilling Gold and Phoenix Gold.
With Norton it took Zijin some time to influence shareholders to accept its offer. The offer price increased from an initial 20c to 23c then 25c over time. The independent valuation together with Minorities holding the line frustrated Zijin's attempts on a low ball offer.
NKP shareholders should learn from that experience and ensure that they do not accept any low ball offer. NKP assets are worth billions. That is why Zijin is buying them.
We want asap independent directors and an independent valuation before any takeover offer. Not good enough for Zijin to replace Genorah directors with more of their own in order to squeeze a low offer.
NKP Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held