n Without Prejudice - Burnstone burns creditors : deal activity

Volume 13, Issue 8
  • ISSN : 1681-178X



Wits Gold, the junior mining company spearheaded by Harmony Gold old boy, Phillip Kotze, first appeared in these pages with news of the potential acquisition of Harmony's aging Evander operation ( March 2012, Vol 12 No 2). That transaction had the potential to transform radically the mining junior from an explorer into a producer. Two months after the article appeared the deal collapsed in a heap, having failed to meet certain of its conditions precedent and, as it stands, Wits Gold is yet to mine an ounce of anything.

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