To all long-term holders of RES,myself included. There are many reasons for the bad S/P we have at present. World coal prices,down. South Africa,talk of nationalisation of mining. Eskom, delay's in building new power stations.
Discounting the nationalisation theory as the results would be diabolical for South Africa.
The remaining 2 points are beyond RES's control. The fundamental's of RES still stack up IMO, yes they are hard times but once the finance is put to bed it should be clear sky for RES. God knows there are plenty of customers wanting coal,and not many other start up companies have a one site mine the size of RES.
Cheers to all RES holders.
DYOR.
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