regal! My goodness, please no. The worst possible insto to have...

regal! My goodness, please no. The worst possible insto to have on your register. They’ll take a position at an expensive price and then lend their shares out for shorting. They also aren’t reliable long term partners, often selling large tranches at critical times. I reckon BSE would have an opinion on them.

Luke does not need Regal, can do much better and already has the right foundational partner for Tanzania in our biggest shareholder.

Speaking of BSE and Tanzania, it’s an interesting development given they could have had STA years ago to get the Tanzanian assets - our northern assets start under 50km from Kwale, across the border, on trend and with indicators of similarities. Now, if they do find something worthwhile, it only upgrades STA’s assets there because STA has almost all the best ground already tied up.