The Peoples board Review;The People’s board have taken it upon...

The Peoples board Review;

The People’s board have taken it upon themselves to review and research the current trends with shareholders. We believe the stock market is often a predictor of the economy going forward, and with that in mind, shareholder movement underpins the stock market.

With financial approval imminent, and shareholders battling to securing a position has per the record volume last week, let’s have a look at our shareholders in detail;

1. PIC – The South African Public Sector Pension Fund. They have a significant role in our firm, as it is predicted they are a part of the threefunders that will shortly be revealed. The funds required are estimated to be $500M for construction of the mine. (THEY ARE STAYERS!)

2.Noble Resources – Another member of the funding syndicate. They are the considered the largest marketing company in Asia in regard to marketing coal. They have coal contracts in place with us, and first right of refuse. In other words, our Coal is as good as sold! (THEY ARE STAYERS!)

3.Shinto Torii – In 2015, the Australian takeovers
review board were considered related party to Noble as they provided the loan for their shares. (THEY ARE STAYERS)

Valu Investments – Also known as IL&FS Energy(Indian owned), has coal contracts in place with us, and was in negotiations in the early days to set up a power station next door. They also have stage two contracts in place with us (when we expand the mine). (THEY ARE STAYERS!)

Both Integrated Coal Mining and Bantal - CESC related, and India’s third largest power producer. They have contracts in place with us to buy the coal. They also have stage two contracts in place with us(when we expand the mine). (THEY ARE STAYERS!)

Paul Jury (YAPP) – Paul was our CEO who finished up in2015. Paul has since moved on to other projects with no contact or relationship with resource generation. (WE BELIEVE he WILL TRANSITION out in time). Stephen Mathews - also in the top 20 worked with Paul Jury and has since left ResGen, but as his shareholding is not a slarge, I would guess that he would hold for larger profits.

BNPParibas, Citicorp Nominees and HSBC – With all banks, they come and go according to their strategy. We are predicting that their will several more banks taking a large position in RES after financial close (over the next year or so). We currently have only 5% ownership by banks, and so there is good opportunity for them to take a position as Mum and Dad speculators sell their shares as the share price increases. (TRADING in and out).

JenfreNominees, Birch Family Trust, Ronald Tyack, D & L Worthington, Matthew Evans, Peter Curnow, John Rogers, & Metallica Investments –This group has a common theme of being both individual in nature and nearly all of them have held the shares over the long term. This group has been increasing their interest significantly. They are from various backgrounds including; Law,Finances, Management, Marketing, and Mining. (THEY ARE STAYERS!)

This is my opinion only, and should not be seen as absolute. If anyone knows other top 20 shareholders, please let me know and we can discuss.