Lots of negativity on here surrounding the share price and when PIC will stop selling.
But objectively the financial plan is due out any day and you will likely find out that PIC was providing on of the best buying opportunities you could have since the three funders have been secured.
If you go read the ESG documents from PIC, there are so many criteria they have in stock selection and RES may not meet their requirements. reasons they would sell could be nothing to do with financial decisions and based on CO2 emissions and providing equal opportunity jobs to locals.
Has anyone considered that PIC is selling RES because they expect the mine to open and therefore won't meet their CO2 emissions targets....
sell side looks light today and it's all round numbers (so probably merryl lynch as @Birch alluded to selling in round numbers).
bring on the financial plan!
RES Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
