RES resource generation limited

Ann: Audited Annual Financial Statements - 30 June 2020, page-5

  1. 3,673 Posts.
    lightbulb Created with Sketch. 2412
    I think 2023, that will be an arbitrary date, as history is suggesting that the moment they give us a close date. Then something or someone destroys our chances. So it feels like they are taking the pressure off. In other words they have no idea on who or what direction this will take. So from their own experience won’t declare anything in the short term.

    To be honest how can they know what or how we will get through this. Realistically, it would only be recently they could have only just approached any of the potential partners with anything formal, and those partners have had no time to do any due diligence nor would the potential parties have met with their own boards never mind ours. Ie 3-4 weeks, is no time at all to come to any degree of certainty for any parties. This has just started, but one thing, it looks like they don’t want it to end. That’s my positive I’m drawing...

    key items: Probably page 23

    *Noble will extend beyond Feb
    *Looks to be a capital raise to support us to 2023-I’m using this date, as they have used it several times, so that is suggesting they have it pencilled in for something-it’s leading me to believe that’s the amount of capital they may raise.
    *Sale of land that’s not required looks imminent
    *Also suggests staff changes, with key persons being kept-page 7

    There’s much more to this then what we can read. But without certainty on anything, I guess they cannot communicate.

    If someone wants it all... net assets read as about $100M.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.