Well i wont be selling. In the report it states quite a few things but the bottom line is if we dont vote yes for this then the SP value will decline and there is no other realistic choice. I will be voting YES.
The positives are
Further exposure to coal assests.
Potential synergistic benefits.
Sealed roads for tpt
Richards Bay Coal Terminal
BFS to start immediately
Sekoko have prospecting rights to Minnasvlakte, Massenberg, Smitspan and Kookikraal which expires in Oct 2010 renewable for 3yrs.Mining application can be made any time.
Expansion in the coal farms
Access to underlying cash flows
Small scale mining to start by end of 2009
Disadvantages
Sekoko to have major control
This is not a biased veiw just what was taken out of the announcement. If people read and digest this then they will see that FSE has a great future. All is good.
i am in.
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
