RES 0.00% $4.61 resource generation limited

notice received, page-15

  1. 1,352 Posts.
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    HI AP.

    I agree with this & was expecting the timeframe would be along these lines.

    All this is fine so long as the share price reflects the continual development between now and then & provides a gradual upward trend.

    What we are seeing at the moment is a stagnant share price & with the production highlighted for 2013 some people are concerned we will continue to trade sideways for the next 2 years!

    I think once the selling has slowed (and this must be only a matter of time) as for every seller there are new buyers and we are gradually maturing and increasing our shareholder cost base as time goes by...

    In other words those buying now at 50c will have a cost base at this level (excl. those averaging etc) whereas those selling may have boight in at levels below this level (pre consol, rights issue etc)...

    Production 2013 is all good, we just need to see some progress (in market cap) along the way.

    I think this will happen.
 
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