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$4.61 resource generation limited

Ann: Market Update - 19 June 2020, page-10

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Foxben

237 Posts.

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20/06/20

20:32

Post #: 45346884
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Originally posted by Birchcorp: ↑

Hi Vancey,

We can almost say the same for comments we see from shareholders complaining about speed of transaction...especially in COVID times. I think we can all agree, that anything RES have done in this period is pretty damn good. If you disagree, then you are not doing deals in business, because the world has been on hold.

With regards to announcements, it depends how you read them...have a look at the three words you wrote... what most people in here fail to realise is the board is bound by constraints/restrictions on what they can and cannot say. Further, even when they do attempt to say things, most of the time people mis-interpret what they are saying. Send them a letter and review the response, you learn quickly what they can and cannot say that way.

The board didn't have to write half the rubbish they did on this announcement, yet they are clearly sending a message to shareholders without stating the obvious.

You wrote these words in your copy and paste, 'constructive dialogue', why do they write this? i.e. its noise...but, people that get it, just get it...its a done deal!

It's so much so done that are prepared to stake having it finalised in the period between sign off and draw down.

Its been obvious for months- where we are placed.

With regard to start ups. Have a look at a recent post I did copying the timeline of a reputable investment banker here in Australia. the timeline is 10 years. We are on the money with RES.

Expand

Does "financial close" need to be achieved prior to the first draw down? will they allow financial close by waiving some of the CPs for now?

ie - would they allow the first drawdown to get the mine moving while still working on the last few CPs?

They can't do the June 30 draw down so do you think they will target July / August / September for drawdown now?

RES Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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