make or break for mgt, page-59

I have been cursing myself ever since I did not reduce my position when it hit $1 (when I was basically even).

I already have enough $ invested in this. If i take up my rights, RES will be 25% of my portfolio.

The only positive is Jury is willing to invest alot of his cash.

He may be aiming for a takeover.

Why bother mentioning Medupi when Xxaro is already contracted to supply it?

Hopefully Anglo will take RES over. LEDJADJA is looking better than Waterburg regarding less overburden & thicker seams.

Ledjadja JORC announcements should be coming through second half of 2009. Another 1 billion+ tonnes after shale.

Still...it only reduces supply rather than supplies demand.

For some reason, I am not so bullish on this stock.