I've gotta hand it to RES for professionalism and doing things the right way. To quote directly off the RES website ...
"Resource Generation offers shareholders the potential to participate in leverage growth in the value of their investment as development risks are eliminated."
It's all about eliminating development risks.
I can't wait to see the new Top20. With PJ holing 9 mill and some instos on board, the registry might tighten despite the dilution. I still think she'll run as hard as ever once the brakes are off. RES is way undervalued and I for one am glad the rights issue was done at 40 cents. I think PJ did it for the long term shareholders, not to mention his own interests.
Still have to get to around 1.50 to break even, but boy it's looking the goods now.
Does anyone else think that what happened with GLN will benefit RES?
RES Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
