rey resources the next ten bagger, page-9

suess how are thinkgs.

ptaff the 511mt you mention is mostly underground.

to extract it your will need $$$$.

2mtpa ain't going to cut it.

They have to think big and to do so need a partner to develop it like RIV with a billion dollar deal to the Chinese.

While coal stocks and prices have been running hot Rey has gone backwards. What does this tell.

Two major institution, Bank of America and Deutsche bank have bailed.

Management want a full takeover and at a hefty price.
In two years management have done one drilling campaign and have rolled out presentations.

very poor.

if they were serious about development they would have several drill rigs proving up more resource rather than laying out presentations.

Moral of the story is, they aint getting the full takeover unless they drop their asking price and or JV the project and watch the money come rolling in.

The funniest thing about this company is TPL next door released news of a new managing director.

Rey in their wisdom thought this was price sensitive and released the same announcement.

this tells you their thinking.

regards