Rob
Just as we over-reach on the downside we can also over-reach on the upside. I do see RES moving higher but it all depends on the deal I suppose. 100% finance with no further equity requirement for example would be a SP mover.
Yes coal is looking bad. RES works as a project and its only really macro issues that are causing problems (IMO). I understand RES is close but they just need to get it accross the line. Perhaps it means PJ needs to conceed a few things but we will see.
RES Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held