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REZ

When I looked at Resources and Energy Group (ASX: REZ) at the end of October I suggested it would drop to 1.5 cents. And here it is today, although, it did drop a smidge lower. Well, their latest presentation doesn't set the world on fire. In fact, it looks like it was built on a lot more hopium than gold. And I think that pointing at Tropicana is there to give existing shareholders some hope.

I wonder at their cash resources as exploration is expensive. This is another that should remain on the fence, on the watch list, until the Quarterly in late January. Check back in Feb.

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