REY rey resources limited
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rey vs cxy

  1. Weihuawang
    1,015 Posts.
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    07/01/09
    15:48
    Post #: 4667136
    Cougar Energy (CXY) has a good run today above 8c, while REY is steady at 6c.

    CXY hit low at 4c, while REY at 4.6c.

    Share price of REY was always higher than CXY, from twice expensive to today's lower.

    CXY only has quite limited brown coal resource (73MT), and a lot of paper projects of UCG, but MC is $43M.

    REY has massive dark coal resource for export, and 1 billion tons potential ideally for UCG. But MC is only $9M.

    Market is not always correct.

    Waiting for Q1 2009 JORC report.

    Cheers

    REY Price at posting: 6.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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