Great post Foxben. First decent post on this stock in a while.I...

First 33 Last

Share
Profile

Follow
christem

1,352 Posts.

161

13/06/21

18:14

Post #: 53822196
Share

Originally posted by Foxben: ↑

for those that are worried I'll state a few facts that are all well known

1. the date for noble to continue providing support is over. there has been no announcement that they are taking ownership over the mine and wrapping it up. they are required to announce this if it was happenning.
2. we would have been told if this is wrapping up already, so whatever is happenning behind closed doors is positive and optimistic.
3. they just signed Papi as the CEO - why would you do this if you were going to wrap up. no one would bother with the HR time if it was going under
4. coal is worth 115 / tonne.
5. the mine has all agreements in place for everything, once someone funds it - all systems go building and operating one of the biggest mines in the world.

when this starts trading again, it could be the deal of a lifetime.

6c a share today could be yielding you 6c a share or more every year starting in a few years... and that's conservative.

Keep the faith boys

Expand

Great post Foxben. First decent post on this stock in a while.

I share your optimism and I'm still sticking to my hunch that our funding will be related to TER in some form as both companies are currently backed by Noble and Noble wants out of both and our Ex COO has recently gone to TER.

TER requires funding by 30 June so I'm sure we'll hear something on both RES and TER within the next 2 weeks.

Agree with all of your points above also.

Cheers

RES Price at posting: 6.4¢ Sentiment: None Disclosure: Held
7 Upvote

1 Great analysis

Reply