res story, page-6

Anything is possible Jimbo,

Quite often the share price moves towards the placement price but it is a strange time at the moment.

I think in 8 months time if the markets don't change we will be somewhere between 30 - 50c based on those charts I posted before which show relative pricing between coalers.

A few months ago I was saying somewhere between $1 - $1.50 again from the spreadsheets at the time. They don't take a lot of things into account except the development stage of each company which seem about right at the moment.

FSE has caught up to RES because of their last announcements and the future looks bright for both companies.

Analysts would be turning in their graves after reading above but thats my forecast. If it works it will be a 4 - 8 bagger from here in these bad times. Not a bad return after 8 months. Most of us may get our money back . Not that I can complain because I have picked up some cheap shares and my average is around the 8c figure now.