RSP resource pacific holdings limited

0003 GMT [Dow Jones] STOCK CALL: Macquarie initiates coverage of...

  1. 1,976 Posts.
    0003 GMT [Dow Jones] STOCK CALL: Macquarie initiates coverage of Resource Pacific
    (RSP.AU) with outperform rating. Macquarie bullish on coal market outlook, says
    RSP's coal production likely to increase in a staged manner to 8 million metric
    tons/year. Says the company remains a high risk play with longwall mining making
    forecasting difficult. Sets A$2.73 price target. RSP last traded at A$2.08. (APW)
 
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Currently unlisted public company.

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