It almost seems like the G20 and the $700 billion bail out are yet to do anything, in the hope the whole situation corrects itself. Lot's of talk and lunches and postulating, but not a whole lot of action. A very French approach imo. The key for RES imo is still the thermal coal in SA. SA has the same power capacity as apartied when it supplied just under 20% of the population. Now they need to supply to 70% of the population. And due to diminishing reserves and polution in Pretoria, the only option is the Waterberg.
I have been buying. I still believe that even if you a short of money you still want to cry into you beer with the lights on.
RES Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
