This Q it is now disclosed that they are selling Witte as part of debt recovery
De Wittekrans Coal Project The project is in the process of being tendered for sale to reduce current debt levels owing to EDF and ABSA. Continental will take on an active role in either the formal process in introducing it to current partners or through its potential legal challenge of the activities of the current Business Rescue Practitioners.
Is that the sell of "fees" in the air??
As it stands. The business rescue practitioner has full control of finances.
That $7.5m bridging loan will not see that sales money. The $1.3 in meeting and travel expenses Okap charge for the CR that never happened will not see that money. Ol cap'en pete's $2m will not see the money. Their attempt to get Mint as a major credited failed.
So now they are try and sell Witte. Which they can not!!! Because the Business rescue practitioner appointed by the courts is the only one that can!!
