REY rey resources limited

Guys,Is the JV with Gujurat 5 years from Jan 2008?Doesn't that...

  1. 2,840 Posts.
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    Guys,

    Is the JV with Gujurat 5 years from Jan 2008?
    Doesn't that make the expenditure due in Jan 2013 or did I miss something (or dodgy maths).
    Also had a quick look at the Top 20 - pretty varied.
    The issue I was worried about was BRU basically just approaching the major holders and offering to buy them out, sidelining management.
    But not sure it would be that easy looking at the registry.

    Although are BRU even allowed to make offers above market price only to certain holders?
    And to get 50% of REY at 10c would still cost BRU around another $25M.

    Hmmmm, this is going to be interesting.
 
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