I really hope you are right. Have held and accumulated since...

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jbtc

354 Posts.

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15/01/17

09:21

Post #: 21901964
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Originally posted by TheOverseerer ↑

With the strong price of coal and the fact that the board is basically all South African's now, with the relationships back into government that Altius has, with RMB now the lead bank (South African funds), the ability to rework Eskom, Trasnet (Rail) and potentially getting into Richards Bay (as opposed to Durban) - I really struggle to see how this now does't get funding.

Gotta remember last time in this rodeo - coal futures were around $50/t - My experience of raising capital for large investment projects for a living tells me that funding NEVER gets closed on time, it always always takes longer than you'd like.

There was an opportunity well before the last round of funding offers (pre the issues that cost PJ control) that could have gotten closed but it required Res to raise more equity which wasn't available and even if it was, when coal prices fell to their lows, Res may have even defaulted and would now be non-existent.

So it was kinda a blessing in disguise as even though the days have been dark for many shareholders, you are still here and you still have a team doing their best to bring this forward. I've been in and around RES for over 5 years and this is the brightest its looked in a long time. Just have a little more patience.

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I really hope you are right. Have held and accumulated since 2008. Everything you say makes sense. Another few weeks we should know either way, make or break time?

RES Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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