REY 0.00% 5.6¢ rey resources limited

Ann: Full Year Statutory Accounts, page-2

  1. 11,796 Posts.
    lightbulb Created with Sketch. 6326
    Not much to be said after reading it.
    Management own a massive 0.08% of the company.
    Since 2013 they have lost $26 million.
    Now they are thinking of reviving the coal project (DFS to be done all over again).
    Derby block required 2 wells to be drilled.. now none until the end of next year.

    I cannot deny the share price appreciation, but.... the company now has more debt than cash, yet continues to buy its own shares on market.

    I can only look forward to reading next years accounts....
 
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