ivor, page-15

There is reliable info that it is Ivor:-

I believe negotiations are between Ivor and Anglo:
Ivor also chairs Transafrica Capital
http://transafricacapital.com/about.html
Ivors connections with the ANC, Jacob Zuma, Nelson Mandela and others has been widely reported
http://mg.co.za/article/2009-03-13-the-arms-dealer-who-flies-jacob-zuma
Ivor also was also a director of Sopak which is a Glencore subsidiary in SA and was named with Glencore in an oil for food scandal during Saddam days

It might be a good confluence of luck for Ivor because with the Platinum unrest--> Anglo and all the big companies need the Government, ANC and NUM support...meaning that if Ivor had any leverage the recent mining unrest may have just swung it further in his favour.(Although the official version would be that companies look at long term platinum prices - the current price always reminds everyone of how perilious the price situation in platinum is: this has also been in Ivors favour)

I beleive neither Maredi nor PL have any idea at what stage ivor is at till he finally gives them the OK....Without revealing to the market further on the deal Ivor cannot buy because he is negotiating and has core insder info.

Ivor would not get involved in this stock unless he already had feelers from Anglo (and it is probably his proposition that post restructuring the new board will have a new set of directors--which will be somebody from a JV partner....I suspect that between him and some other etity (which may be Anglo/Xrtata/Chinese/Russians/japanese)nearly all of Genorah's ASX share will be bought out---giving Ivor access to the Australian capital market.

Genorahs share listing would probably be limited to the 26% it will start off with at JSE and not much more...why would you exit out of ASX still doesnt make sense when you can have access to a good 'resources capital' market in the from of ASX