Finance Delayed Again??, page-29

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TheOverseerer

43 Posts.

12/12/16

10:46

Post #: 21266855
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Originally posted by jj2 ↑

Good post.. and many valid points.

However.. the salient point is that PJ -did- have financing organised over 12 months ago... when u suggest that no-one would touch coal. So how good was that.?

In the meantime.. coal prices have risen substantially.. doubled?

This finance sidelined Noble..

Noble and cohorts colluded to oust PJ based on their claim to be able to do the job (financing and project construction ) better and quicker..

To date.. more BS..

Result.. SP falling some 60% from highs.. and getting smashed again since they latest delay and list of excuses.

If THEY weren't controlling shareholders.. they'd b out of a job as quickly as i could say... I've got a better financing option..!!

Can't sell now.. there's no market and no support..

Expand

Sorry what finance did PJ have organised? The one he took to the market before he was ousted by the vote? As much as you'd like to believe - that was never going to happen. Every single bulk commodity developer has had those offers and they haven't been delivered on yet.

RES Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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Finance Delayed Again??, page-29

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