Mantengu Mining’s latest volley a shareholder letter and Mike Miller’s earnest YouTube plea paints the JSE as a syndicate’s lair. But is this hard evidence of corruption, or a desperate junior miner’s spin on a tough market? Let’s dissect it opinion by opinion.
First opinion: The playbook is plausible. Syndicate crashes prices with shorts, nominees, round-tripping to skirt 35% thresholds, then strips assets post-delisting. Mantengu’s 2024 drop fits, backed by five hours of recordings, 500 pages of transcripts, and a delisted CEO admitting extortion for luxury cars. Convincing? Yes, if authenticated.
Second: JSE complicity stings. Emails show directors ordering manipulation and crypto payments, halting when Mantengu’s probe ramped up. Miller’s ignored February report? Damning if true.
Third: Police plot twists. Hawks docket hijacked in Randburg, refiled in Pretoria. Opinion: This screams systemic rot.
Fourth: Threats are real. Miller’s drone and hijack attempts? Chilling, but skeptics say exaggeration.
Fifth: Whispers of Moti. Some see his group’s fraud playbook here. Opinion: No direct tie, but intriguing.
My take: If half true, overhaul the JSE. Mantengu’s call to pause listings? Spot on until proven otherwise.
