losing faith, page-3

For the record I hold a lot of RES shares and being in this position has me feeling overly exposed to many factors out of my control. It's a bit like that dream we've all had about being at school in our birthday suit. OK, not quite but you get my drift!

Delays are a part of business but I still have supreme confidence in PJ's ability to pull this off. The story is unfolding nicely and apart from IWULA everything is looking good. We have mining rights, export offtakes, plenty of cash on hand, Transnet MOU, rail approval, a large foorprint of company owned land containing a massive coal reserve in a country heavily reliant on coal as a major energy source and we have the Indians heavily invested in the project with plans for an onsite power station.

Make no mistake, in time this will be a large, profitable mining operation. We need to see the forest past the trees and let it ride out. Those in for a quick profit will be disappointed.