not a lot was new in the presentation but it was of some value...

not a lot was new in the presentation but it was of some value to me to hear commentary by NF as they ran thru the slides. btw it was the same pres they recently posted on asx i.e. "Building on a Solid Foundation".

slick7: i didn't ask your question as they pretty much answered this in the pres by NF by way of highlighting the premium that the 55c offer represents over various 30 day VWAPs. (if you disagree that 55c is a fair offer then don't flame me - i'm just the messenger!)

there was one interesting point that was raised re the baiyin deal w.r.t. sovereign risk. it is generally accepted by most observers that part of the reason that the GDO sp has traded at a discount is due to concerns over SA sovereign risk i.e. fear of nationalisation of the mine by current or future SA govt.

several of the board acknowledged the sovereign risk issue and also said that some political youth groups had recently been calling for nationalisation of the mines but they said it was certainly not currently part of ANC policy. the board did say that with a high level of chinese ownership there may be some reduction of sovereign risk as big chinese business wields some power and influence in SA. the implication being that a future govt may be less likely to nationalise a mine owned predominantly by a powerful chinese corporation rather than one owned predominantly by private aussie and SA shareholders ...

k