I understand, its mega frustrating. Truthfully though, back then...

I understand, its mega frustrating. Truthfully though, back then it had no potential, just pie in the sky dreams in an extreme bull market! You could have sold sh*t on a stick pre 2007! All long termers copped it up the proverbial back then, and have nightmares of what could have been---none more than me. Now we are actually the real deal( or within 2 announcements of!) and these announcements are pretty much, dare I say it, extremely likely to happen.
What we have now achieved -guys help me fill in the order here- are. (Man this is testing my RES battered memory banks here!)

7 Nov 2007
South African Coal Acquisition

Tue 17 Jun 2008
Paul Jury appointed MD and Steve Matthews Exec Dir

Tue 8 Jul 2008
Settlement of South African Coal Acquisition

Thu 24 Jul 2008
78% Increase in South African Coal Inferred Resource

Mon 19 Jan 2009
Timetable for Consolidation of Capital

Tue 23 Jun 2009
Capital Raising

Fri 7 Aug 2009
Resource Upgrade and Reserve Delineation

Thu 26 Nov 2009
Pre-Feasibility Study result

Tue 15 Dec 2009
Land Acquired in the Waterberg

Fri 22 Jan 2010
Increase in Resources and Reserves

Thu 11 Feb 2010
Mining Rights Application Lodged

Thu 18 Mar 2010
Listing on JSE

Wed 21 Apr 2010
Land Acquisition

Thu 24 Jun 2010
Key approval to facilitate Boikarabelo development

Tue 14 Sep 2010
Coal Offtake agreement and Share Issue

Wed 20 Oct 2010
Resources and Reserves Upgraded

Fri 22 Oct 2010
Resource Clarification

Wed 24 Nov 2010
Ledjadja ownership increased to 74%

Wed 15 Dec 2010
Second Coal Offtake Contract

Thu 16 Dec 2010
Reserve Upgrade

Thu 31 Mar 2011
Mining Right approved 13 MONTHS THIS TOOK!!!!!!

Thu 31 Mar 2011
New BEE partners

Thu 31 Mar 2011
Progress on water security -aaarrrggghhh!!

Thu 21 Apr 2011
Mining right received 14 MONTHS THIS TOOK!!!!!!

Tue 7 Jun 2011
Increase to export contract and other arrangements with CESC

Wed 31 Aug 2011
Sale of Tasmanian assets

Wed 19 Oct 2011
Transnet update

Wed 26 Oct 2011
Transnet MOU Signed

Fri 9 Dec 2011
Water secured for stage 2 of mining operations

Fri 23 Mar 2012
Development consent received

Tue 27 Mar 2012
Property acquired and potential new coal tenements

Fri 4 May 2012
Water use licence received and mining right appeal dismissed

iN sUMMARY, ALTHOUGH FROM AN OUTSIDER this has been stressful and a nightmare, for a n extremely large scale project Paul Jury has truly been ticking box after box. I believe that we are still 2 years away from a probable $2/3/4 + price but once this work is done and they are shipping, this completed work + assets must be worth, I dont know, 1 billion dollars without the remaining 75%(?) undrilled!
Tell me that this at the very least a very easy takeover target for a cashed up BHP or RIO. All work done and black dollars laying in the ground! They could literally bring the 2nd stage to life immediately with their cash reserves.

I'm with you about the frustration, but reading through this list might help you recalibrate and re think/

We don't wanna be Irish, and turn back after swimming 80% of the way across the channel instead of committing to the end!

I need a sleep now!

Garn