Pinell, after my last conversation with head honcho, 2016 looks more like a 30 bagger. If coal stays at the same price, we should be valued around $2.65. Doing the numbers on selling our coal and basing this on a minor upswing in market conditions, (that I believe are a certainty), $3.00 is reasonable IMO. I keep plugging away increasing my holdings waiting for the Big Bang effect.
I entered this stock with a large position, (for me) only to find it fall off a bloody cliff. I'm at the bottom of the cliff, ready for the climb ahead. If all goes well with a deal in the coming weeks, I'll be soaking up some shares from some cliff jumper.
My only real concern is further dilution. If PJ can do a deal without it, I think we should throw him a party.
RES Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held