STILL on South African coal, we're watching industry veteran Paul Jury's baby with interest as it taps investors for $62m to develop its 6 billion-tonne Boikarabelo mine in the Waterberg region.
The $US530m ($574m) open-cut project is slated to start producing in 2015, but debt funding is not yet finalised.
As with Universal, ResGen shares have languished even as their projects have progressed. But who said life was fair?
We had ResGen as a spec buy at 33c in October and maintain the call, noting the raising has been struck at a 2c premium to the share price
