RES resource generation limited

A trading halt followed by a voluntary suspension request was...

  1. 3,673 Posts.
    lightbulb Created with Sketch. 2412
    A trading halt followed by a voluntary suspension request was lodged with the ASX in order
    for the Company to develop a plan to secure additional working capital to enable alternative
    development options for the Project to be explored.


    This statement above explains the trading halt back then, but not the reason for the halt now...leads me to believe they need the share price where it is to raise money. Otherwise, why is it not trading today??

    This announcement is a vague statement in its entirety, that has more questions then answers. Hopefully the Chair's letter is more forthcoming.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.