Why would long term holders sell out when they finally break even, i know it tempting to sell when you've been down for so long. But selling when RES is starting to make itself into a real mining company wouldnt make sense.We have waited a long time for the sp to rise, now it has, the company is making great progress with the project and Dont forget the JURY Factor and the addition of instutions to the holding.
So people may sell out and break even or small profits, but think about why you invested in the first place, do you want to miss the real value in this project,say later this year and next year?
My long term value of RES would be between 700 million to 2 billion dollars based on some basic costings and projections, also based on peer comparison. I also believe im being conserative with these figues to suit a slow economy.
Short term holders will trade as they see fit. Just my opinion, people need to do what they need to do.
Cheers AP
RES Price at posting:
74.0¢ Sentiment: LT Buy Disclosure: Held
