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$4.61 resource generation limited

PIC are still selling. About 88M to go. All up they hold/held...

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davideagle

48 Posts.

21

09/07/19

16:07

Post #: 39441535
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Originally posted by davideagle: ↑

PIC did sell about 24M shares as stated in the notice. The question is will they sell the remaining 89M that they still hold? If they are taking a profit and getting their purchase price back after 4-6 years as Birchcorp indicates in his post then they may hang in for the big picture. It is a good open cast deposit with the odd billion of tonnes of resource which is superior to the declining Witbank deposits. And it is now funded. I still have my shares from when they were $1.00. Not that I paid that but it would have been good to sell. I think I will hang in as I feel that RES will trade 20C short term and 40c in 6-12 months.

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PIC are still selling. About 88M to go. All up they hold/held around $15-20M of shares. Not enough money to be the secret finder. My guess for the secret funder would be BEE equity fund.

RES Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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