Ann: Agreement of Commercial Terms with Financing Syndicate-RES.AX, page-17

Hey Phillip321

Been watching posts with interest last few years. Was shattered Paul and Steve were booted out last year, they are both honest, trustworthy blokes. But, as investors we have to move on. Good to see this new team is ticking a few boxes (just unsure about Some details re recent Ann), but this is a huge step in the right direction.

Likewise this stock has been my worst call, but I've kept the faith and kept buying (all the way down, I actually bought on the low of $0.032 , what a fluke!). Average is now under $0.20, I know who has bought most the stock since Sept 15, most people I know have averages not too much above the current share price (probably 5-10% of the registrar).

All of the people I have spoken to, are definitely NOT sellers. When WHC was sub $0.40, it had a mkt cap of around $350m, asset value of $2.50 from memory - silly cheap. It's now almost $2. I think RES will play catch up. It's asset value is $0.25-30. Often in a rising coal environment coal stocks can trade at 1.5 to 2x asset value. When RES is closer to production, the asset value will rise substantially.

There will be a time to sell in the future (due to vol of sector), but I'm aiming to hold for another 2 years approx, I think this will fit in with:
- rally in commodities mkt generally
- Seb Faber, quant guru (when a sector is down 80-90%, next 3 years are massive (see link below)
- stuff ups operationally always occur when production starts

http://mebfaber.com/2013/06/25/what-happens-when-you-buy-assets-down-80/

RES, is ready to pop on the upside. Get ready fancy pants, it's time. Hopefully, the independent director will make sure we aren't getting reamed on finance terms (as will PIC and Altius). Thinking $0.20-0.25 on finance completion and gradual rise with building plant next 2 years (hopefully coal will be in a steady uptrend).

Good things come to those who wait, and gee we have waited long enough... Be Bullish!!!

Will POST soon, approx forecasted ebit/ NPAT / PE figures as a rough guide