RES 0.00% $4.61 resource generation limited

pitman just some advice on presentation, page-54

  1. 7,054 Posts.
    lightbulb Created with Sketch. 218
    Competition can be a motivating factor.

    FSE first came to my attention around Sept/Oct last year when they were trading at a similar price to the current SP. Nothing spectacular has happened in that time has it?

    RES on the other hand has gone through a 10:1 consolidation and now the 1:1 rights issue. The meteoric rise in share price from 20cps to $1.00 recently gives me a very good indication of where this is heading once the shackles are off. Despite the further dilution of the 1:1 rights issue, we still only have approx 160 million on issue and once the 30+ million is in the kitty, we should be set.

    I don't know much about FSE fundamentals other than the fact they have a LOT of shares on issue. I'm very confident holding RES at the moment. FSE might be worth a look after they have done a consolidation perhaps? I'm not sure....just my amateur opinion.
 
watchlist Created with Sketch. Add RES (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.