Ann: Independent Specialist Valuation report , page-16

hi Rod,
given Pluckster's strong comments, he obviously has his doubts about FSE coming out on the upside.

We shareholders would only benefit if RNG can come to the party with the Capex to go forward, how they do that I have no idea. It sounds as if fundraising hasnt been their strong suit over the past years.

I think that Sekoko's relationship with RNG will come down to personalities and how much TT stands to gain. Sekoko will have to maintain at least a 26% share to keep the SA govt BEE regulations sweet.

I am very much in the "wait and see" holding pattern.