Ann: Independent Specialist Valuation report , page-25

Yep - just saying how I see it Pluckster.

Ultimately - all I want to see is the asset, which I believe is the best coal play in SA, by way of seam depth, off takes with Eskom, proximity to plants etc. getting off the ground and making some income.

What I am saying is a down ramp in anyway - just fact from the research I have completed.

I would still say a "buy" IF there was not the uncertainty with what is currently happening. I could not in good conscience give a "buy" recommendation currently.

Again, I feel the board will give the vote of confidence for this takeover. I could be wrong...

Cheers