I think all REY holders may be interested to see the...

I think all REY holders may be interested to see the announcement from AFA........ first coal trade deal has been done.

At $80 dollars per tonne selling 2m tonne in year 1, with a 10% margin, AFA is looking at $16m USD profit before tax in year 1. Once they execute the 10m tonnes, they are looking at $100m USD profit before tax per annum. This is assuming no price increases in coall which is around $80 USD per tonne.

Australia has more domestic coal producers than it knows what to do with. By enlisting someone who has the export capabilities and overseas distribution capabilites, domestic producers can increase their margins and AFA can develop a profitable business.

From the AGM, I think this is what they have been working on in the wet season (which is not good drilling weather). That and developing joint venture and aquisition targets which and I am only guessing here....... would be REY. Why is this? The indians offer is ridculous, the Hong Kong chineese have gone away and AFA has connections in capital raising, construction, exports, and coal supply.

If REY does have a billion tonnes of coal in ground and I expect they do...... what will be the quickest way for them to get it out of the ground and sold. I think that may be AFA. When AFA is cashflow positive, which I expect will be the case very soon it will be in the box seat.