The timing of this acquisition could not be better with coal prices rising steadily since lows early this year. RRP is also looking at other opportunities with their coal assets in Indonesia and its power plant strategy in the country. With Indonesia looking at a major ramp up in electricity generation RRP is well positioned in the country to take advantage with their assets there. This stock should show up on radars and generate some interest after today's acquisition. One to watch for a serious turnaround play. Only issue is a very tight register with top 20 holding 94%.
RRP Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held