Dual Listing will put a rocket under ResGen

After watching the volume of approximately 4.5M shares sell on the JSE over the last two days. I understand the logic and benefit to the dual listing!!!

With only 581M shares listed across two large markets being the JSE and the ASX. This will mean there is an increased exposure for RES shares. We have larger exposure and the entire total population of two countries is our market.

The higher the demand, the greater the share price.

Equally important, the supply is very tightly held over ten years by many long term holders. Many of the top 20 shareholders have other interest in RES, such as coal offtake agreements. They are key strategic shareholders, so they are not likely to divest.

As per a previous post, the idea the banks still own very little shares in RES (whether directly or as nominees), on considering the share price upside as ResGen de-risk’s further. It is inevitable that financial institutions around the world will have an increased appetite!!!

I like that we are dual listed!!