Who wouldn't be buying at this level? Such a bargain. Doesn't look like it's gonna hit 50cps either unless world markets retrace. The stock is worth .575 at least, so even from here it's a no brainer!
Unfortunate as it is, our holdings are diluted with the additional 60M shares on issue but that's all part of investing in a spec stock that still needs to raise a LOT of capital. No use complaining. At least everything is going ahead.
Honestly, I don't think RES would have bothered with the OVERSUBSCRIBED placement if they weren't fairly confident in the project and in obtaining Mining Rights. Look how quickly and swiftly PJ has dealt with the the rail issue. Class A all the way baby. You don't purchase land and start building a rail-link to your coal mine for no reason.
I'm happy to see things moving forward nicely despite taking a hit in the SP.
RES Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
