Pinnell, I think the chances of him selling out for that are nil. His stake isn't huge of course but those who have backed him to date wouldn't be bothering for such a meagre return. A lot of people think they've found the next Riversdale. Charlie Aitken says it's AKM! I think we've found it with RES. Yes, different coal etc but the basic economics are so compelling (infrastructure permitting)that the take-out will need to be a very high number. Could be dreaming of course but happy to wait it out and find out......
RES Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
