second stage settlement, page-14

Hi Pitman,

A marriage between FSE/RES? I don't think it will happen not now anyway, but who know what the future holds for both FSE/RES.

I'm sure that both shareholders of both FSE/RES, will want to go it alone as a coal company.

What we both need ATM is for the Government in SA, to make up it's mind on what to do in the Waterburg coal fields, if they start to fluff around with this and that, they could delay the progress of the Waterburg coal firlds by say up to 5 year's.

We all know that coal is vital to SA, I think it's the top export of SA to the overseas market, that alone MUST be an insight into the future of SA and it's Government. I can't fathom what the duck is the SA Government doing over there, not only do they need the WB coal fields, they needed it 2 years ago if I had any hair left, I would have pulled it out a long time ago with the on going delays for both FSE/RES.

THE FUTURE OF BOTH FSE/RES LAY'S IN THE HAND'S OF THE GOVERNMENT OF SA!

What will they do about it??

Sorry about the venting it's too bloody hot here ATM, not enough sleeping maybe too much drinking.


Good luck to all that hold FSE/RES