Hi, =, absolutely, that is it in a nutshell. Also probably one reason the union/former employees are suing for some 700M. Pula, as might seem KPMG not doing a lot for them either.
No benefit carrying on about the past and who of their holding coy, Smith, BCL directors, Govt as owner, etc. are responsible for this fiasco, and just get it sorted out so projects with any merit can then move forward, I would think.
Perhaps the Bots govt would be well served to sit down with Norilsk, who too are now suing the directors/executives, and start compromising to oil the wheels and open the way for the next phase. Short of Norilsk hard to see anyone else buying into such an unnecessarily complicated mess as a whole entity.
Practical solutions are always possible, especially if there are a few dollars to be made, and at current Ni, Co, Cu prices, there are. Someone with obvious nous and runs on the board such as ARM/P. Motsepe as previous and present associates of Norilsk, and who have already said they are interested in the smelter and own 50% of Nkomati, could be expected to talk turkey to the others, and get things going. Old adage, but for some (esp Norilsk and Bots govt.) no point in cutting off your nose to spite your face. At days end - as always - KPMG will get paid, maybe no one else?
Have a nice day.
BML Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
