The meeting was brief. After the resolutions were passed a Geologist (Bob) gave a quick presentation. He was just telling us how much coal is relied on in SA. Also that drilling was under way and results will be in approix 2-3 months.
They have coal from depths of 20mt right through to 120mt which is fantastic. SEKKO have placed a couple of their drills with fse and commenced drilling. They introduced the new director and a SAfrican lady in finance.
They seemed very buoyant in regards to the area they were drilling in and genuinely excited for the future. 8 new power plants to be constructed in the Waterberg area. Waterberg has 50% of the coal in SA. In summary it was mainly to introduce the SA members and elaborate on how exciting the future will be for FSE.
Sorry i couldn't say much more about SARB etc but that was how it happened. Other people who went may want to voice their opinions.
2 the future, page-6
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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