REY 0.00% 3.6¢ rey resources limited

change the board, page-45

  1. 1,439 Posts.
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    Current share price is well below what I paid. I sent Kevin (bloody) Wilson an email asking what's going on and what he's doing to improve shareholder value. He seems like a nice guy and generally is pretty good at getting back to shareholders but I have been disappointed with the little that has been done to promote their oil and gas assets, particularly while investors have gone completely off coal.

    If ASF/Liu and those in cahoots with them wanted to take over the company, then them pushing the price down would make sense. But there should be at least two independent directors on the board who shareholders will rely on to rebut any low-ball offer. Would be nice if they would show some confidence and be buying (I live in hope).

    The way Buru is going that 10% has the potential to be an excellent annuity stream for REY, but it seems that will all head to China the way this is heading.
 
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