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NRA Capital Pte Ltd

Written by: jinshu

Wednesday 9 Nov 2016

Resources Prima Group Limited - Company note

Taking a sneak peek at RPG

Resources Prima (RPG) is primarily engaged in coal mining and exploration at the RJN concession in East Kalimantan, Indonesia. As of 8 November, RPG has a market capitalisation of only S$84.32m in spite of a recovery in coal prices lately. RPG has recently received the permit to explore and mine resources from another 897.56 hectares of the RJN concession in July. Therefore, future catalysts include 1) higher profitability in 4Q16 and 2) higher reported reserves. The key source of uncertainty now lies...

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