I’m not arguing because that is time wasting, and I am not buying or selling, so where the sp sits is of little relevance to me apart from being annoyed at how our “fair” market system works in Australia, an example of Sovereign risk within itself maybe.
I don’t believe there is anymore sovereign risk in Zimbabwe than anywhere else in the World, less so if anything given their desperate circumstances in this case, they have had the PSA a long time, long enough to have it sorted and signed, it’s that simple, I believe they will have it done before decisions need to be made to take action, but that doesn’t excuse dragging their feet on it for so long.
The only reasoning I can put towards it, is that sometimes delays and uncertainty can cause opportunities for those who can take advantage of it. I see no disadvantage towards Geo Associates or Invictus.
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