re:merger, page-6

Hi,

Colin and Leon play their cards very close to their chest.This is understandable in my view given their location and desire not to be thwarted by competitors when it comes to deal making. Don't expect too much in the way of precise strategy from them for that very reason.
I suspect another acquisition pretty soon after PLA is done.
They are keen to capitalise on a once in a lifetime opportunity on the Bushveld I feel. Regarding Tjate, I do not expectJLP to go it alone on that, Almost certainly a JV with JLP having a large stake but someone else mining and funding it.
Having said that I also feel that they are likely to be taken out by a larger player, my gut says Northam but who knows.