FSE 0.00% 0.5¢ fuse minerals limited

Ann: Coal Offtake Agreement , page-13

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 237 Posts.
    For the purposes of comparison I have repeatedly tried to nail down what price Eskom pays Exxaro for coal per tonne - all to no avail. I imagined that these things were state secrets as they only ever seem alluded to in vaguest terms.

    So yes - I too am fascinated to see that revealed in an open forum such as an ASX announcement.

    At the moment it seems that FSE is a two-way conduit that passes cash to Sekoko and Equity to the lending bank. We sit in the middle of the pipe and try make a buck in the crosscurrents as the SP goes swings from a diastolic 0.023 to systolic 0.025 (excuse the cardiological analogy).

    I should also like to know when the two BIG stakeholders are satisfied that their respective percentages of equity in FSE and CASH are where they want them so that they will get on with the project and bring us all into the financial sunlight.

    Will anyone divulge this please??
 
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