1. All parties were aware of the issues for years now (except us shareholders).
2. The key to any action on BFS,JV,mine development was a final court decision on the mining rights at Tubatse as this would act as precedent.
3. Tubatse did not go in Genorah/NKP favour so now Anglo hits hard to force a deal that could not be agreed for nearly 3 years now.
The choice is now to continue these legal battles forever or all parties compromise and a joint development is done. The DMR will be looking to broker a solution to get itself out of the frying pan.
BR Max
NKP Price at posting:
45.0¢ Sentiment: None Disclosure: Held
