Maybe the SA operations are being set up to sell off or merge so that Jury and co can concentrate on the Tas holdings? Enough coal there to keep a small co ticking along while they pick up other tenements in Aus? I mean it is what he knows right?
Can any chartists help me out here as I am learning the black art (slowly!) I took a look at the chart today and it appears ready for a move up because: 1. The bollinger bands are contracting inwards, 2. The macd lines have crossed in the positive and 3. the rsi is trending up
I personally would like to see this much higher so am i seeing things in the charts or is this the case?
Thanks guys......Maxi
RES Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held