number of shares on issue, page-28

Christem,

Not sure if many CDS holders (other than those that own both) would care.

POD's as I see it are:

1. CDS have a JORC compliant resource FSE's is not JORC compliant. FSE's complies with SAMREC, not sure how much the market would care.
2. CDS spent a reasonable amount of time chasing SARB approval (I've been in > 9 months from my 1st purchase) and FSE are only just starting out on this path.
3. The recent appointments to CDSs board give their intentions to develop the tenements in SA some real credibility. FSE still don't have a full time board member.
4. The acquisition of some existing drilling data will allow a compliant resource upgrade to be announced soon. FSE will have to drill to do this and that will take some time.

After saying all that CDS has really layed a path out for FSE to follow. Based on what I've said above I believe FSE are about a year behind CDS so it's not that it won't happen it's just that it's a while away (imo).

BTW where did the target of 44c come from?