Morning fellow RESonators and HNY. Thought I would create a list which I could tick off during the course of the year ahead and a list which should be attainable and complete or close to by year end ;
1) Ledjadja resource upgrade 2) Section 11 Approval for Ledjadja 3) Completion of BFS by mid year 4) Solution for Transport of Coal 5) Mining Right Approval 6) Finance for project sorted without major share dilution 7) ESKOM SALES CONTRACT 8) Continuing improvement in coal price
Hope List ;
9) Takeover As JS has correctly pointed out, Exxaro hold 4 blocks in our zone, two of which are directly under (by my thoughts) W1 and one of the Ledjadja blocks. They hold a further 4 or 5 between W1 and W2,W3 so their footprint is large in the area and they do run the only operation in the area. And if he's right with Exxaro starting to take a position in RES, well then even more of a possibility. This has always been my thought and preference rather than waiting really long term.
In the meantime, we have a Management team that are showing the big players that we are moving quickly, decisively and are able to get an operating mine happening. Goes without saying but the further progress this year, the better, the more someone will have to cough up in the end. Looking forward to a watershed year - but patience stll the key as the SP currently shows
RES Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held