investors waiting for funding, page-5

Yeah, just on that whole cap raising issue...

Does anyone have any ideas on what it might involve?

I've been thinking majority shareholder subscribing for the full placement of shares thus securing a >50% stake in the company and control of the board. This would suit a company like the RPG Group who currently own 11.6% of RES.

CESC, the flagship power company of the RPG Group, is beginning a feasibility study for construction of a 2x660MW coal-fired power station adjacent to the Boikarabelo mine to supply power to the South African grid. This proposed power station would use around half the additional domestic product, thereby underpinning plans to develop Stage 2 and maximise export coal production.

Additionally, Boikarabelo intends to install its own small-scale fluidised bed coal-powered power station at the mine site to supply power for mining operations. CESC has indicated it is prepared to assist with this project.

A wholly-owned subsidiary of CESC, Bantal Singapore Pte Limited, has agreed to subscribe $10 million for 12,195,122 shares in Resource Generation at $0.82 per share, representing approximately 4.8% of the company’s issued capital. Following this issue, RPG Group will have an interest of 11.6% in Resource Generation.

It makes sense right?

Alternatively, someone could say "hey, lets just fund the $350 odd million ourselves and offer RES shareholders a takeover at $1.30 per share (cap raising $350m / shares on issue 262m)."

Who would say no to that right about now? Just my thoughts...

Some news on this SOON would be much appreciated. Otherwise I fear our SP will only fall further!