RES resource generation limited

from a charting perspective, page-32

  1. 7,060 Posts.
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    Luv the banter Misfits :-)

    At end of Q3 RES had $23.685M cash on hand with an estimated Q4 outflow of $2.496M. Q3 outflow was $1.637M. As previously stated in an announcement to the market, RES has enough cash to continue operating well into the foreseeable future.

    Shares888 - FYI - RES tracked the DJIA almost perfectly until late September when we learned about delays to the NEMA and IWULA approvals, at which point the SP has 'performed poorly' as you say. IMO, I can't see much downside from here and if there is, it will be on very low volume and the SP will turn around very quickly when we get some good news.

    Not sure where you're going with the BFS comment? We're a long way on from that stage. Debt funding is secured on condition of receiving approvals and contracts.
 
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