interesting read.., page-6

Agreed, old news.

@ MRLORD. you state:

"Old news but the important thing is that there seems to be enough evidence that proper consultation did not take place.This has to be emphasised and it looks like Genorah/Nkwe are not exactly as pure as white."

Two comments in response.

1. Re the consultation - one of the main issues here - which was NOT discussed in any shape or form by the Concourt is who is/was the right people to be consulting with - Genorah would argue - as per the ASX release of Nkwe a few days back - thay they did indeed consult AND have the support of the 'right' people in the so called community.

BS said in yesterday's diatribe that the Tribal Council is the bees kneees and the Royal Council was a merely tokenistic body. We'll see about that.

Then there's the statement by NKP that: "The community partners comprise all the community groupings on the
Eerstegeluk and Nooitwerwacht farms. These community groupings are represented by Roka-Phasha Tribal Authority, Bengwenyama Ye-Maswati Royal Council and Eerstegeluk-Nooitverwacht Community Development Forum.

It is important to note that the title holders on Eerstegeluk Farm are Roka-Phasha Tribal Authority (2,174 ha) and Greater Tubatse Municipality (109 ha)."

Note this last sentence in particular - "the title holders".

Then there's the little discussed point that Nkwe was never directly involved in any of these court proceedings and the interest that was acquired by them from Genorah in 2009 was acquired with full transparency and government sanction (the point being that it was a completely separate and different tranasction to the earlier transaction through which Genorah was intially awarded the PLs).

As a matter of fact, the court stripped Genorah of the PLs - not Nkwe - interesting eh?

Re the Anglo/ARM issue - each signed the agreement back in Feb '08 seemingly in good faith and neither party has apparently made a squeak about the matter in nearly three years since then.

Now - hey presto - they've got issues.

I revert to that old equity maxim again - "he who seeks equity must come with clean hands"......


Side note - hard to believe that BS has been talking to Shapiro - must be why his reporting on this matter is so balanced and impartial.

"BARRY SERGEANT: I was in conversation yesterday with Ian Shapiro, who is a director at Eversheds, one of the lawyers who represented the Bengwenyama and he uses a phrase "material irregularities". Does one gain the impression that in this particular case the process was kind of roughshod and that there was something bigger at play or is that being a little bit too suspicious?"