RE: Nwke Platinum - De Wildt Project I'm not sure what I was reading, but I read different then what you just said. I read 63 million twice, I could have sworn, there were two places 63 million shares would be paid.
And I estimated another 140 million shares need to raise the $71 million they need and don't have, or at least that what I think I was finding, hence my complaint about it...
Your Post
from the annual report, the amount of ordinary shares issued as of June 30 is about 81 million.
When they close their transaction with Genorah, they will have to issue 63 million more shares.
Read the annual report located on Nkwe's website and it will become clearer to you
My Previous Post
I tried having a closer look at this, how frustrating. Can anyone tell how many shares this company has? How to find that basic information seems to have eluded me.
What I saw on the exchange was a document saying 83 or so million shares. The article talks about having a total 20 million ounces between the 3 main projects.
It is looking at issuing another 126 million shares for establishing an additional 20 million ounce resource in Garatouw.
I do not understand what I am reading...
You need a flow chart and the ability to make connections that aren't there. It starts talking about De Wildt and is written to suggest it is separate, and then the article starts refering to the Genorah property they expect the "additional" 20 million ounces as if it is part of the De Wildt project.
I'm getting really tried of the bad organizational structure of written articles that make it extremely difficult to sort out... Yeah, when you reread it several times and refer back to the web page you do sort it out.
It looks like another 20 million shares to raise the $10 million they are talking about for exploration and feasibility studies.
The $71 million would need another 140 million shares to raise.
So, that would put them in the range of 370 million shares to get to the point of being able to produce, but I think they would also have to raise a year or so of operating capital as well.
What I found interesting on the web site was the sale of 75,000 shares to raise $37,5000... Or at least I think that's what I read.