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14/06/19
07:38
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Originally posted by Birchcorp
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Hi Misfit,
I am very relaxed with the time delay. Although difficult at this dying hour. All will be revealed in good time. I can tell by your posts that you are somewhat at ease... well as much as we can be! I can honestly say, that I am glad you made it this far... at one stage I thought we nearly lost you!
My utmost confidence has been here from about 18 months ago... and you can see that from my previous posts. A large piece of this confidence comes from knowing that the many, complex arrangements of shareholders and board means they will all keep each other accountable. The idea of a 22c baseline price for most shareholders around 8 years ago... also underpins shareholder value...as you know a majority of those shareholders remain today!
A couple of things to note for now;
1. We have guessed that it is the signature of the IDC we are awaiting. Given they are government owned. Their will not be any ‘urgent’ board meetings or overtime to please RES shareholders. We came to this conclusion recently, and it just ‘makes sense’.
2. Shareholders that would sell shortly after the announcement are caving.
If we Include ChI-X it would be around 18M shares.
3. If you are planning to hold RES long term as per most of ‘the people’s board‘ then you would be glad to know that many of the shares sold in recent weeks have gone to good and long term homes. So, given the low SP, that means less money was required to remove these shares (in effect this means we have taken much more than expected...) this augers well for the known and exciting fact that RES has a tightly held register...
Well done to all other shareholders as well!!!
Fancy... Am I close yet??? I also saw Fancy use language that I would never think to say somewhere today... Mr Moderator, surely that is minus 3 light bulbs for fancy please...
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Hi Birch, no intentions on selling at this stage so all good from my perspective. Listened to previous posts that you have made (from the people’s board) and agreed with most. A part from a time frame of last week to this Wed for approval. I think it will take a little more than that short time frame.
We will get sellers and obviously buyers. But for the patient there is money to be made. As far as predicting time frames....... that went out many months ago as far as RES and finance goes.
Let’s see if management can keep us updated.
Good luck to us all.