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$4.61 resource generation limited

Ann: Funding Update, page-3

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Crisis77

5,695 Posts.

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26/02/16

10:42

Post #: 17123214
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Originally posted by PussnBoots ↑

"The newly appointed management and Board of the Company has, since those announcements, sought clarification as to the identity of the principals of HAB, the source of funds, the track record of the ultimate lender and the ability of HAB to provide funding as previously suggested in the 30 September 2015 announcements. The Company has not received satisfactory responses, or even confirmation that HAB is able to provide such funding. Accordingly, the Company has, on the advice of Grant Samuel and the legal advisers appointed in relation to this matter, ceased communication with HAB to pursue a funding solution."

So PJ was telly porkies....or the new guys are deliberately burying the option? Either way its almost criminal.....I certainly do hope we reach the light at the end of the tunnel one of these days!

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Yep one of them are not telling the truth. I know which one I believe.

On the flip side, maybe we might get some more commercial terms from the debt club compared to previous ann's that would see RES going brokeback.

RES Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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