I remember a similar pattern unfolding in 2016 when it shot up...

I remember a similar pattern unfolding in 2016 when it shot up to 20c in anticipation of finance approval. Shows how unique RES is in terms of spec stocks. Not very often do you find a company like this so highly undervalued yet so close to the end line. Having followed RES so closely for the past 10 years (yep even in the CDS days - though not actually operating as CDS), I have a feeling the time is right. I think there's a strong likelihood that Noble will succeed with their debt restructure and that will provide the boost of confidence the finance syndicate need to sign off on the deal. I think a steady climb into the high teens isn't far off.