We all know (including PJ) that we're sitting on a world class asset (one of the largest remaining coal mines in SA).
All the articles posted above reinforce this & it all sounds very encouraging.
PJ said he now wants the market to watch RES & as we progress with our plans & an increase in value will follow.
It would be good though to see some of that INCREASE in value BEFORE the debt component of the next raising (expected ealry 2011 around the same time MRA is due).
I'd like to be trading well above $1 before then.
I sent an email to ceasarsreport asking what their view of RES is & I got an email back saying there hasn't been much to report on RES lately (hence not included in any of their newsletters lately) however they hope RES will soon announce they obtained the 70% ownership of their first coal project, which should lead to a re-rating by the market!
I would think sorting out the rail & offtake would be the only things to lead to a re-rating but I guess we'll see. I'd love to be proven wrong.
Cheers.
RES Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
