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Business Description: Resource Generation Limited (RES) is an energy resource company dual listed on the Australian and Johannesburg Stock Exchange. RES has coal interests in South Africa as well as uranium prospects in Cameroon. Currently, RES is focused on the development of its Boikarabelo mine in the Waterberg region of South Africa.
Strategy Analysis: The strategy is to develop high grade âenergyâ related resources into viable and competitive mining operations. The portfolio of resources already accumulated includes low overburden, inexpensive to mine coal deposits in SA and Australia as well as potentially very low cost uranium deposits in Cameroon. Exploration programs are underway and, in addition in the case of South Africa, mine approval processes that can lead to the commencement of cash flow positive mining operations in as short a timeframe as possible.
Resource Generation reported a net loss $760,000 for the half-year ended 31 December 2012. Revenues from ordinary activities were $758,000, down 29% from the same period last year. Diluted EPS was (0.29) cents compared to (0.29) cents last year. The net operating cash outflow was $485,000 compared to an outflow of $791,000 in the pcp. No dividend was declared.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
âIf you want to have a better performance than the crowd, you must do things differently from the crowd.â Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
âAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâll be with the outcome.â
William H. Gross, Janus Capital Group 16/10/2014 |
âFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding âminusâ 10 basis points.â
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâs clear that a time factor is in play. Simply put, many investors âfeelâ a correction is overdue. How low could it go?
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