For those who still buy papers...page 30.Knew there was a reason for sp movement...
"Look at laggards for this year's stars" "Low valuations are increasing hard to ignore"
" One of Citigroup's top picks for the (resource) sector is Resource Generation.It describes the coal explorer as a 'very high risk but potentially a highly rewarding'. proposition that could produce a 4-fold increase in its sp over the next year. The miner's key Boirakebelo project has 3 BILLION tonnes of coal resources and 745 tonnes of reserves. Management has an initial target of producing 6 mil tonnes a year of washed coal from the open pit project. The stock shed 28% of its value in 2011 and was trading around 39c on friday compared with citigroup price target of $1.45 a share."
You know you've made it when you make it to the FinReview!!
RES Price at posting:
38.0¢ Sentiment: ST Buy Disclosure: Held