RES 0.00% $4.61 resource generation limited

is it a good share, page-4

  1. 7,054 Posts.
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    Under 'normal' market conditions the RES share price would be quite higher than it is right now. If you have purchased this share at around current levels then you've certainly picked up a bargain and can expect some decent capital growth over the next 12 months.

    For some of us who have been in (and out) since last December, there was a long period of stagnation where the SP hovered around 14/15cps awaiting the key announcement of the SARB approval, management changes and resource upgrades. When that finally came she rocketed to 50cps, albeit a little hastily.

    Personally, I believe RES has a lot going for it and it would take a minor disaster to foil our plans of becoming a coal producer. The current issues we face are political instability in South Africa and of course the current global financial situation. That aside, RES is a strong buy for me right now.
 
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Currently unlisted public company.

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