RES 0.00% $4.61 resource generation limited

Finance Delayed Again??, page-27

  1. 354 Posts.
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    I wonder if RES funding delay has anything to do with Noble awaiting funds from"NES" sale due to close in December 2016????

    Following is from Noble Group Q3 results.....

    "We have made significant progress on our initiatives to raise capital and rationalize our businesses. We are well on our way to achieve the previously announced capital raising target of US$2 billion, with the completion of the rights issue in August 2016 and the announcement of the sale of Noble Americas Energy Solutions (“NES”) in October 2016
    The sale of NES is currently on track to close in December 2016, having received shareholder approval on 3 November 2016. "

    http://www.thisisnoble.com/images/stories/documents/2016q3/Q32016MediaRelease.pdf
 
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