Ok we are now 2 months on from the Finance Package refusal....

Ok we are now 2 months on from the Finance Package refusal. Since then PJ has managed to increase the commitment from Noble at a premium. He has also managed to secure 30% of the funding from Noble on acceptable terms. Solid progress and I have no doubt that Noble as a corner stone investor will have numerous skills, resources and connections that RES can leverage off.

But.....we now need to know where the hell the rest of the money is coming from!!! With the SP spluttering to the low 20's it confirms that a cap raise is out of the question in the short term. PJ is not an idiot and he would have known when refusing finance from the 6 bank syndicate back in March that he could secure finance in one way or another. The market needs to know what that is!

Finance progress update is due!