anatol,
Noticed the slow down in selling this afternoon also.
Had no choice but to buy some at these prices.
Taking into account that ASF Group paid $0.12 a share just last month for 22.7% of the company, I felt there was a decent enough margin of safety at $0.05 or 140% discount.
My thoughts are that Buru's deal with Gujarat included Gujarat selling all their shares to push the price down as much as possible, and then Buru making a takeover bid for Rey.
Only problem with this scenario is that I don't think the ASF Group would accept anything under $0.15 minimum, and for that matter I don't think you would either.
I feel that Rey is currently in a win win situation.
Possible outcomes are:
1) Buru takeover bid has to be $0.15+ to be successful.
2) Buru cuts a deal with Rey. ( Most Likely )
3) Current deal proceeds as is for 10% free carry.
Cheers, and have a good weekend.
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3.6¢ |
Change
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Mkt cap ! $7.616M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 500499 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.9¢ | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 500499 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 1 | 1 |
0.057 | 8920 | 1 |
0.180 | 2721 | 2 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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