Oblong, your too good. Was about to post same. Hopefully they can do the top-up equity funding a bit further down the track with an improved SP. Further to that, slide 15 states that the possibility of debt funding the PS. If that occurs, cost returns to say $650mill ? 25MW PS costs $50mill,we're proposing 40MW, so even say $100mill cost. Therefore $650m of which 40% equity raised (hope % is lower)= $260m. Need that SP up at a $1.
On a positive note RES gets a mention in the Fin Review Smart Inv Oct edition as an attractive offshore coal stock
GL LT's
RES Price at posting:
46.0¢ Sentiment: LT Buy Disclosure: Held
