sorry DB but it just doesn’t work that way IMO. The PPSA is also highly symbolic of the relationship between IVZ and the government.
No farm in partner will go near IVZ if the company can’t show the relationship is on steady ground. No one in their right mind will believe ZIm will stick with a 2% royalty either.
In my opinion, if IVZ can’t reach an agreement on the PPSA then the government will find away to take the whole project of IVZ (Hi Algeria). And before anyone says anything about ZIms reputational damage remember this is the country that created sovereign risk, no one will care if an Australian minnow gets shafted.
Apparently in the last PAC interview Scott referred to deliberate attempts to keep the SP down, in addition his personal Twitter recently posted an article that appeared to favour the Zim opposition (happy To be corrected by anyone with better local knowledge on this). The recent ar.ticle where they are now openly talking about sovereign risk if the PPSA is not signed speaks for itself.
Scott has his work cut out for him, I hope he can pull this iff
IVZ Price at posting:
10.0¢ Sentiment: None Disclosure: Held
