I understand that the demerger of the mineral sands assets will...

I understand that the demerger of the mineral sands assets will happen end of June which shoudl create a value for these assets - who knows what it will be. I believe around 10 to 12 million.

The 8% held in REH is worth around 5 million at present and should grow over time, especially with all the focus on renewables in Europe.

That gives them a base market cap of around 15 to 17 million or about 6.5cents per share.

I believe it will be the coal power technology that will transform the company if it works and they are able to neogtiate a decent holding in the technology. It is another Alan Burns invention and so far he has a pretty good track record. The company just hasnt been in a terrific financial position to be able to retain enough and have had to sell it off to develop.

Announcements on this should be forthcoming in the next month or so. I notice from the website they have dumped the rollmaster technology and I believe it is to focus 100% on the coal power.