director buying, page-11

Brilliant clear announcement; the positive spin on having to wait so long for this announcement is that management have had time to start working ahead and it shows. i am very happy holder. A new CEO and technical staff can potentially turn this speccy into a geniune miner and we all know that will mean we will finally see the sort of prices this massively under valued resource is really worth. Eg if they can mine 4 million tonnes of coal pa they should be worth $1 to $2.

I had a conversation the other day and someone mentioned that FSE will want to get this coal out of the ground as fast as they can (due to greenhouse gas concerns etc etc), eg get it out in the next 3 years or so. If (yes IF) this is true then we are looking at $2 in 3 years time.

JH

ps happy days to all charters and traders who made money over and over on this baby but now we are about to head ot of a sideways trend and into a major upward trend so trade out at your peril