If you read the first page of the transcript from BRR which is posted on the asx website from the 9th May Paul says that the funding stage will be a 4-5month timeline. Most of this would encompass the due diligence performed by the banks, and say 1-2months for an equity raising.. so I would expect 2-3months for securing bank financing especially in these economic conditions. So I wouldn't get excited about a sharp jump in SP in the short-term. I'm definitely keeping an eye on this one though...
RES Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Not Held
