Friday July 03, 07:01Commercial property: The contrarian view
The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.
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Thursday July 02, 10:45Rubicon Minerals, Eastmain Resources and Fission Energy to present at 7 July Investor Forum, Toronto, Canada
Our three presenting companies are well established mining companies with advanced stage assets. All three companies are well-funded and managed by a team of experienced professionals
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Resource Generation (ASX:RES) is an ASX listed emerging coal producer with its major asset a 30 per cent interest in three coking coal and thermal coal deposits in the Waterberg Coal Field in South Africa.
Resource Generation director buys 69.5k shares
Resource Generation (ASX:RES) director, Stephen Matthews has acquired 69,492 shares in RES at 7.7 cents per share. Total ordinary shares held 400,000 ordinary shares. A further 41.9 million unlisted options are held with strike prices ranging from 20 cents to 35 cents.
At the recent annual general meeting the company outlined the following:
Summary of Recent Achievements by new management team
- Secured South African coal deposits
- SA Reserve Bank approval
- Appointed experienced corporate management with a proven track record in developing mining operations
- Employed experienced regional staff to establish a credible platform for development activities to proceed
- Significant resource upgrade
- Acquired Tasmanian exploration tenements
- Commissioned work to secure mining approvals and design mine infrastructure
- Secured funding sufficient to cover development plans for 12 months
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