I concur.
The business model does not work.
A decade's worth of failure is the evidence the market needs.
The problem has been obvious for a number of years now but nothing has changed.
They need to sell the African assets and give Merlin a serious go but that would be too much like hard work for them and holy shit, they might actually be scrutinised and held accountable by the Aussies shareholders.
They wouldn't like that.
Ann: Lucapa completes divestment of Mothae Mine stake, page-43
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