RES 0.00% $4.61 resource generation limited

Ann: Administrators appointed to Resource Generation Limited, page-13

  1. 237 Posts.
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    who is the mine getting sold to? who gets to clean up with a massive mine at a bargain price in a time where coal prices are as high as ever.

    As someone who tried to see logic in this soap opera drama over the past 2yrs - this is a clusterf^ck outcome and an embarrassment.

    I will never touch a South African company again.

    would someone care to explain...

    why IDC sold down their shares hard and fast 18 months ago and then announced they are out 6 months later?
    why announce Papi as CEO and then liquidation 6 weeks later?

    so much bull$hit. Retail investors got shafted.
 
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