Resources Prima

Resources Prima: following the spectacular 80% plunge in its share price on 28 Oct last yr (fall from $0.47 to $0.092), Resources Prima (formerly Sky One) appears to be finding its way back into investors gd books. The stock has since rebounded from $0.092 to more than $0.2. Till now, investors are largely clueless about why it collapsed last Oct. The company was unable to explain the fall , and the market seems to have put the crash behind it. The company , which was previously in the logistics trade in HK and China, completed its reverse takeover of an Indonesian coal miner last month. Energy Prima, the mining firm, owns a coal concession in East Kalimantan spanning 1,933 ha of which only a fraction has been explored.