number of shares on issue, page-25

Hey all,

Some of you read other threads however, just updating CDS shareholders with the conclusion we reached on the FSE thread:

It would be worth updating these figures once the resource upgrades are announced for both CDS and FSE - which is soon hopefully.

COMPANY----------------CDS------FSE
Current Resource-------392mt----279mt
Shares on issue---------890m-----1382m
Expected share price---$0.44----$0.20
Current share price-----$0.35----$0.05

Note: it must be factored into the comparison that CDS definately has more boxes ticked including:

- Strong management
- Regulatory approvals
- Escom vendor number

However, given that many of these will soon be ticked for FSE it still appears that FSE is trading at a significant discount:

- Strong managament in progress (per latest announcement)
- Regulatory approvals (JSE listing in progress)
- Escom vendor number (this was discussed in previous post)

Cheers for all your posts and please add if you have any discrepancies.