AJLD,good post, hit the nail on the head.I see no problem with...

AJLD,

good post, hit the nail on the head.

I see no problem with Sekoko having a big slice of FSE, she needs to integrate with SA business to succeed.
The sooner we are aligned with local interests, including BEE, the quicker this project will get off the ground.
In fact, Sekoko have been doing a pretty good job driving the drilling so far.
The resource is located in a predominantly black country, controlled by blacks and the majority of future FSE employees will be black.
It's their coal and their country, so lets mitigate the sovereign risk, get the dilution over with now, and get Sekoko on board.

RES or FSE?
well, it's a simple choice registry-wise, FSE on the one hand is 'big and black', whereas RES, is 'white and tight'.
I think you know what side I'm on..... the same one the black South Africans have chosen.

Cheers