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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 and Tasmania and uranium tenements in Cameroon. Currently, RES focuses on the development of coal resources in the Waterberg region of South Africa.
Strategy Analysis: The strategy is to develop high grade ‘energy’ 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.
A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.
The Age 21/05/2013 |
Optus says its 4G mobile network will reach 70 per cent of the Australian population by mid-2014. The carrier revealed it has upgraded 4000 3G sites to 4G in five capital cities and in Coffs Harbour, the Gold Coast and Byron Bay. It also plans to make its 4G network suitable for customers with dual-band 4G mobile devices.
The Age 21/05/2013 |
Hong Kong private equity firm Quantum Pacific Capital says it is best placed to resolve a dispute over the ownership of a troubled $5 billion copper and gold project in Java and is negotiating to grab back as much as 80 per cent of the project on behalf of former owner Intrepid Mines.
The Age 21/05/2013 |
Shareholders in Transfield Services were bracing themselves on Monday for an earnings downgrade following downgrades by other mine services operators such as UGL, WorleyParsons and the smaller Coffey International last week.
The Age 21/05/2013 |
The whole retail recovery story has wandered perilously off script over the past quarter. The start of the year held the promise of green shoots at the discretionary spending end. But as we near the close of the financial year, the fragile recovery appears to have been nipped in the bud.
The Age 21/05/2013 |
New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was "collegiate" despite the abrupt resignation of three fellow directors two months ago.
The Age 21/05/2013 |
Australian shares flirted with five-year highs on Monday, returning to levels not seen since the onset of the global financial crisis, as investors were spurred on by signs of strength in the US economy.
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