Fancy Too much talk from western do-gooders like obama that have nothing to offer. Obama was useless and is now in the twilight of his presidency and as such the ideology starts to come out.
In underdeveloped nations coal is still king. RES is talking to south african banks and investors and thats where the funding will come from. Noble is also to play a big role and EKF has done its DD on the guarantee and is happy.
Its a shame to see the SP coming under pressure but thats something beyond our control.
In 2 yeArs we will be digging up 6 mill tonnes of coal thats already sold from a mine with costs of about $50 per tonne.
RES Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
