Put me down for 30th June 2013 ......... Since this is the last day of the performance rights extension.
It was pretty obvious that this delay in finance approval has been in the pipeline since well before the agm. hence the rights extension.
Res is a "not if , but when!" kind of company. A small delay here or there is to be expected in the great scheme of things.
I have no doubts finance will be secured......but WHEN? .....who cares? It WILL happen.
Have a little faith people! PJ has not (to my knowledge) stepped away from a promise yet. To me this indicates good form, and a reason to be confident. PJ has never cared too much about the daily SP and seems to have a "Current share price be damned!" attitude because he knows the value of this project will be realised eventually.
Having said that, I do expect the SP to continue its current trend until positive news is forthcoming. Opportunity knocks for those with testicles big enough.
GS
RES Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
