-
Share
23/06/09
21:16
Share
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.
-