interesting news from eskom, page-14

G'Day Pitman,

Just rumours mate - as you know, you never believe anything until it actually happens.

I have just spoken to the Co recently, with a query in regards to the planned small scale pit & why we have not heard any more on what is going on...the answer obviously being that it is pointless to spend money on mining until an Off-Take Agreement has been met - which is underway.

I also stated how disapointed I was with the perfomance of the SP this year - we had a further discussion on the untidy registry that is currently in place...the question of consolidation was raised, there is no thoughts of a consolidation in the near future - but obviously could not be ruled out down the track.

I stated that I feel the SP (obviously in congunction with the large registry) was owing to the lack of information coming from the Board. I cant help be impressed with the regular information that has been coming from the RES board of late - we need something similar - at least to keep the intrest going.

I a Co states information (such as the small scale pit) & then the market hears nothing of it - it creates an air of "all talk - no business" - as such confidence drops as does the SP.

I would like to see some more information from the Board on a regular basis - not sporatic Ann's here & there.

Anyway - I still hold in confidence & await the Ann for the Off Take Agreement - which I hope will come soon.

Cheers