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0.00% 5.6¢ rey resources limited

an example; value of a prospective tenement, page-16

  1. carbonblack
    44 Posts.
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    05/10/12
    17:29
    Post #: 10820526
    Rey doesn't have valid pre emptives. They are at the asset level. Gujarat sold at a holding company level, not at the asset. All Rey has is poor quality coal and CSG, neither of which will be commercialized. Plus it's 10% free carry for oil/gas, which is the only asset worth anything.
    REY Price at posting: 5.2¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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