k8 genuine or fraud?

K8, seems to overlook many pertinent facts, for instance:

The 2mt is just a starting off point, which will generate a very healthy return of 34%.

They have huge leases in the Canning Basis that is prospective for oil, gas as well as coal and have just started to scratch the surface. So, the plan to undertake an extensive resource and exploration program during this year.

Fifteen million dollars was recently raised by the Company for the 2010 program at 20c a share. Most came from institutional and sophisticated investors who clearly had differing views from K8.

Leases intersected by major highway and close to the Port of Derby. So, its thermal coal is far closer to the China/Indian markets than those highly profitable mines in the eastern states.

Matters are either not clear in K8s mind or is he a party to games being played for Indian interests to obtain Rey at the lowest possible price? Considering, Rey was K8s first company post on Hotcopper; I am inclined to think the later.

I am long and strong on REY and have used recent bear market woes to double my shareholding. Glad I did, considering the recent scenario of Clive Palmer selling a $69 billion coal deal to China, with its mining infrastructure still to be put in place.