RES 0.00% $4.61 resource generation limited

The IDC will only fund a maximum of 1 Billion rands.which is...

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    The IDC will only fund a maximum of 1 Billion rands.
    which is just less than $100 Australian Dollars.
    How much do shareholders expect? With The South African energy giant expected to default on its $5 Billion US interest payments, there is big trouble ahead for the South African economy.
    Why would the IDC get involved in such a fiasco?
    Thats why RES has had a stall in its process.
    Eskom don’t have any money to pay RES for its coal...with $40 Billion Australian in debt.... and $8 Billion Australian due in interest payments.
    The South African economy is in a major pickle.... never mind the $80 million investment from RES.... that’s small fry.
 
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