I think the volunteered administration is just a tactical move...

I think the volunteered administration is just a tactical move by pla to put the mine into hibernate mode quickly and advoid all the complicate issues with worker unions and local gov. It also for the disputed contractor to accept the settlement term one and for all or get nothing. Analyst reported platinum price will hit $2000 ouce in near term. At that price pla with a platinum producing asset and two more mines with mining approval pending i don't see it would be difficult to find joint venture partners. This near term cash generate opportunity is what madeg jbl shareholder and executive excited about the merger. Otherwise jbl shareholder will have to wait for the next 10+ year before their co. Generate any cash from the existing business. Platinum still there, the tool and infrastructure for producing still there and ready to get back to work, platinum price is economical again. All it need is a proper management and a reorganised work force to make money again. So why the talk of selling out the business for peanuts