Ann: Market Update - 28 October 2020, page-30

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Foxben

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29/10/20

11:21

Post #: 48485780
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Originally posted by jsc2009: ↑

Just reading through the thread and yes while we are all upset, frustrated and it is certainly warranted. There is also some good business strategies being put up!!! I’m sure many of us have had discussions about the potential strategies and hopefully some of our ideas are in line with the thinking of Noble, etc.

my first thought was. Well Noble want this to happen and are putting there foot down, Then look at the debt of IDC and as a purely business decision can see why they have moved this way.

this then opens in my mind opportunities. This coal isn’t going anywhere as much as it isn’t going to dig itself up!!

could this have been predicted pre March 2020? I doubt it. Much like the position of my own business and decisions I’ve had to make.

until it’s dead,buried,burned (no puns ) I will explore the strategies potential and assume this is just another blip in the road!!!!!!

GLLT

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I don't think this is dead by a long shot.

It's just painful cause it seemed close to the finish line.

Something good will come out of this. hopefully the simplification of the lending so it all just goes ahead. a lot of the due diligence already done can hopefully speed up another funder.

maybe noble will just fund the rest themselves.

it makes no sense to close RES and liquidate.

RES Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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