Reading between the lines, I think KKO has in the past been...

Reading between the lines, I think KKO has in the past been relying on their trusted local partner in Badimo, who didn't turn out to be a team player, hence years in the wilderness of being suspended from trading on the ASX. Big thanks to the major shareholders, with dogged determination keeping the opportunity alive through those years.

Now with Badimo project equity being rolled into KKO, everyone's interests are aligned to push KKO forward, and not Badimo at the expense of KKO, in a zero sum game.

Add to that a bit of research on the people behind Phefo, who just put the $5M in and I think "slowly becoming quite cosy" is the answer to your question.