just remember, page-19

Hairy

Are you looking for cornerstone investor from an equity position or a cornerstone investor that supports the business in the long term. A lot have taken long term cornerstone positions rather than daily positions you take. I see EDF as cornerstone investor in the business that lent money to management to develop mines and to sell them export coal back. I see Absa lend 7 year money for Penumbra mine. I see the new BEE partner get into the business and repay previous loans.

Just remember they have not taken equity positions in CCC but have put in debt money that has reduced the level of dilution.