I thought all along that the only reason the shareprice got beyond 30c in the first place was that PJ had gotten on board. The run to 49 was premature to say the least.
There was very little difference in raising at 22c say or 18c - whats a couple of million shares. Surely you'd want to get your funding issues sorted out as quickly as possible - in the long run the extra few shares that were issued are barely going to make any difference.
SA need to invest 1 trillion rand to service their energy needs is an article i was reading earlier in the week - this stock is going to take off at some stage over the next year or two.
RES Price at posting:
$1.20 Sentiment: LT Buy Disclosure: Held