approvals are close, page-9

I feel that the other issues are of more importance to the sp and the company than the resource upgrade.

Eskom vendor number, SARB approval and an extended management team will give more confidence to investors to buy stock. From my research I believe the aformentioned are certainties and thats why I am more than happy to hold despite the sp.

We have seen CDS release a resource upgrade and the sp has fallen. However with CDS it seemed the upgrade was already factored into the sp, with FSE it definatley is not.

In a normal market this would be 8-10c+, but the market is not normal at the moment so we will have to wait a little longer.