Ann: Shareholder Update - June 2017, page-13

Definitely no gambling here this baby is as sound as it comes..

Great market depth and liquidity.. constant updates from mgmt.. clear timetable and adherence thereto.. lol..

Wonderful clean energy product with our deposit in one of the most politically stable countries in the world..

What's not to like.. except for the current SP.?

Having said that.. we have a cumulative +150m thick coal deposit.. with little overburden - with an almost completed rail link to Richards Bay.. one of the largest coal export facilities in the world. It handled over 900 ships in 2016 and exported +73mt of coal.. and has increased capacity to over 90mt pa.

With India in particular needing coal to generate electricity for its billion people.. and RES plans for power generation a lot closer to home... it really is only a question of when...

As for cursing yourself when it gets to 12c.. can you imagine what you may think if RES gets back over 50c..?