Maybe not Dermott,
But the fact is that RES has been the worst performing coaler that I have been following on my charts in a poorly performing industry. This is despite having management telling us how happy we are.
On the upside it really doesn't need much volume to get going. I have been looking at many charts lately and those companies rising really have not been rising on much volume.
Pretty much as those falling have not been falling on much volume.
I am actually quite surprised that we haven't been getting much news out of South Africa because of the amount of work that is happening there.
An example of newsworthy things to me are:
Water has been allocated.
A new power station to be built.
Railway line extended.
Property purchase.
Eskom allocated a certain amount of coal to be delivered by 1910-1911.
Coal resource upgrade.
New properties where the bore hole data has been evaluated and we now have a new much greater resource. This you would think is the easiest bacause you just give the data to someone and get them to decipher it.
Scoping study, What happened to that?
A lot of these have to be sorted out before mining begins so if PJ is looking at producing in the next 2 years there should be a steady news flow.
It would be pretty miserable if we have to wait until the end of the year for the feasibility study before we actually get told anything.
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