?Anglo instituted a review application on the 5 farms in 2007.
Following protracted negotiations involving Nkwe, Genorah Resources, Anglo, ARM and the DMR it was agreed in February 2008 (see joint release 13 February 2008) that Anglo would withdraw the proceedings and that commercial negotiations on the exploitation of the 5 farms would be entered to.
Nkwe, Genorah, Anglo, ARM and the DMR have been continuously in discussions with regards to a possible joint commercial collaboration on the 5 farms. These discussions are on-going.
"(flyboy77) post 6057437
Geo
I have little doubt that Anglo/ARM have pushed that button.
My point is so what? What is the merit/substance to their claim?
Are they simply reneging on their agreement with the DMR (and Genorah/Nkwe) nearly 3 years ago?
Why have they taken 3 years to take action if they suspected any improper behaviour whatsoever.
Hard to see its mere coincidence? "
From Angoplatinum's website "Withdrawal of Cautionary Announcement 01 November 2010
Shareholders are referred to the cautionary announcement dated 29 October 2010, and are advised that as negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in their securities.
Cautionary Announcement 29 October 2010
Shareholders are advised that Anglo Platinum Limited has entered into negotiations which, if successfully concluded may have a material effect on the price of the Company?s securities."
The 2008 agreement did not(in my opinion) settle the dispute The parties only agreed that "commercial negotiations on the exploitation of the 5 farms would be entered to."
Could it be that the two announcements (above) from Anglo show that perhaps a resolution of the dispute was close But then something caused the talks to break down
Therefore is Anglo just playing the bully to force a better,for Anglo,result
NKP Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held