new purchase, page-20

I think this ann is going to further cement RES as a future producing in the Waterburg area, despite the timing of the ann being lousy.

This is still a long term play, It's obvious there will be further share raisings but it won't make much of difference whether there are 76 million or 150 million on the register when this baby gets to production.

I think it's reasonable for the management to have good number of shares themselves otherwise they won't act in the interest of the shareholders. They are in it to make money just as much as we are. It provides a good incentive to put in the hard yards.

Now the only decision left to make is do I top up now or after consolidation. I don't have an answer on that one.