Where's the discussion re the valuation & off take discussions? I thought these were pretty significant & was quite excited when I came across this info last night.
I notice FSE makes announcements out of things such as ESKOM granting them as an approved supplier. RES has effectively achieved this also but not made a fuss until we actually have an agreement signed. We are quiet achievers, hopefuly the s/price will soon reflect this!
It's positive that our product is acceptable & now they are in discussions over price.
RES performed well today, hopefully buying on JSE can continue the rise.
To answer the 1st posting, the fact that RES is dual listed means you can effectively buy/sell the same shares on either market. If one market is trading at a discount (this is effectively an arbitrage situation) & theoretically should be eliminated as people take advantage of the situation (efficient market hypothesis). I.e if the shares are trading at a discount on the ASX people could buy on ASX and sell on JSE & vice versa until the situation is eliminated.
Hope this answers your query.
Now back to that valuation.... comments???
RES Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
