anglo/nkp deal possibility?, page-12

I agreed with you legendary. I believe this is the way it has been angling for some time. NKP mentioned months ago they have alternative suitors which would provide better terms than X - so shareholders would have been complaining if they hadn't entertained the alternative. The Constit court and flow on issues have meant things have become urgent for NKP, directors, DMR and the south african mining industry.
a couple of points from your post -
* the panic of the above parties and the credibility issues particularly of the government could mean any agreement is fasttracked to bring all the negotiations to a head. Rather than just have the uncertainty fester.

* while the terms of the JV long term may not be as lucrative as X , in the short to medium term the terms may create more value for shareholders as a development with Anglo which had government involvement would tidy up the Tubatse mess. the second BFS is supposedly a quicker to mine shorter mine life model so the value in T could be mearsured and unlocked earlier allowing a valuation to be included in the shareprice.