res vs fse

FSE did share placement successfully at 4c, with 1 free option @ 6c excise in 2014 attached to every 2 shares, and SP returned to 4.1c at closing.

I am a new holder of RES, and quite a lot of people here hold both RES and FSE, and GLN as well.

Today, if including the new placed $2M FSE shares, the market capital of FSE is exactly the same as RES at $54M, but,

1. RES holds $8M cash in bank, and FSE needs another share placement soon, their bank account is still empty.

2. RES holds much larger tenements (3 times) in Waterberg and more coal resources than FSE.

3. RES progresses much faster.

4. FSE holds gold tenement in Australia, RES holds coal license too.

5. They locate the same distance to new power station Medupi.

What is the shortcoming of RES, comparing with FSE?

IF the RES' MC lags behind FSE, there is definately some reason, otherwise the market is wrong.

Sorry for no more money to buy RES, and my REY is still dead, waiting for GNM's serious bidding offer.

Cheers