Res has been trading very solid over the past few weeks. Wouldn't be surprised if we see another change in substantial holding Ann out soon. Someone is def accumulating.
Would be great if we could hold on to the recent gains without the retracements we've seen in the past!
I unloaded a small parcel on fri to pick up some EXR for a quick trade. I've still got a bucket load of RES (been loading up in RES for the past 3 years) & will be hoping to pick up some more next month before mra is out!
The recent Afr article read really well & has probably generated some recent interest. I'm very confident we'll receive an offer either for takeover or ar least a substantial holding this year.
Eskom deal should be finalized within next month or 2 at the latest as I read that the financial year starts 1 April & Eskom will wants to secure supply agreements before then (which isn't far away).
All looking very good!
Sit tight guys!
RES Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held
