Its game on now imo.
Buy sell side volume has swung dramatically and assuming we hold above .21 the trend has changed from sideways action to an uptrend which blows the T/o offers away.
We are on the cusp of huge things here if you stop to think rationally.
This is the last massive unprocessed coal deposit in Australia and early operations CAPEX is minimal.. Port is secured and we are half the distance than the eastern ports to the worlds largest markets..
Value can often be irrational and companies like SDL are a tribute to this ie why is an io deposit in Cameroon 600km from a non existent port with a $4 billion capex required to turn the first sod nearly 10 time more valuable than a potential billion tonne coal deposit in Australia 100km from a port . I really dont know the answer to this.
Anyway back to REY which has the potential to be the FMG of the thermal coal world. January will be a great month as the broader community wakes up to this giant.
- Forums
- ASX - By Stock
- hello....... public turn for coal giant
Its game on now imo.Buy sell side volume has swung dramatically...
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