REY rey resources limited
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gnm to increase bid?, page-3

  1. Burratipi
    276 Posts.
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    07/12/09
    14:34
    Post #: 6012593
    Hi MT and igo, interesting GNM don't say what the $50m is for implying, as you point out, that it could be funds for an increased offer. GNM are also spinning off Shree Minerals which will raise a further $3-4m.

    GNM could now offer up to 20c/share more,($50m/258sh) making GNM potential offer approx. 30c.

    Then over to Crosby.
    rgds
    REY Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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