As previously stated by Paul Jury, the objective is to eliminate risk and subsequently deliver shareholder value in the form of share price appreciation further down the track. This will take time, however once we have a large scale coal mine up and running I imagine the share price will be much, much higher.
At present management are focused on the developmental stages which are fundamental to the long term picture. Despite there being some massively significant announcements coming up in the next 12 months (land acquisition, BFS, ledjadja drilling etc), the real share price appreciation will begin once we are profitable.
I for one will not be selling one single share until we are selling coal.
RES Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
