RES resource generation limited
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asx200???

  1. goggledog
    7,060 Posts.
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    07/10/13
    11:54
    Post #: 12413332
    As at the last rebalance, BLY was number 200 in the ASX200 list with a MC of 202,911,901. If we assume RES end up with somewhere in the vicinity of 600,000,000 shares on issue after EO shortfall placement and the Blumont deal, we'd need a SP of approx 35c (MC $210M) to get a look in. I suppose it's achievable?!?!?!?

    A couple of side notes...

    The buy depth has been thinning out a little lately.

    Public holiday today in SA, NSW, QLD and ACT so not expecting any news today.
    RES Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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