Hi AllI would like peoples opinion.I am standing on the side...

Hi All

I would like peoples opinion.

I am standing on the side lines as I am not totally convinced res gen will get funding.

If I look at the latest move on Whitehaven ,why would people fund RES.

If the market for res is at 25 or so cents and funding is practically pending and all reports at this stage indicate 75 or so cents,thenn if it was a good gamble why are we not trading at least 50 or 40 then..

I am thinking the fund managers are still along way off providing required capital, as if this was the case we would definitely not be trading at 25.

Further more I think the market is betting against RES raising the capital in this market.

I would be singing everyones tune if COAL was the flavour of the month and we were in a Bullish market.

At the very least tho its definitely definately a buying opportunity

regards

NB