RES 0.00% 6.4¢ resource generation limited

Did some investigating into Noble situation. Seems they have 1.2...

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  1. 413 Posts.
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    Did some investigating into Noble situation. Seems they have 1.2 billion in assets and owe 1 billion which means they officially have $200 million US.
    They are battling with there coal divisions as China changes from coal to gas.... Decreasing by 19% per annum year on year.
    I would say RES is in big trouble at the moment and can't get off the ground for the foreseeable future unless someone buys all the noble debt and finances the mine.
    The Government (IDC) will sit on the find and get it for nothing. It's a shame.
 
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