I'm obviously spewing about putting a fair whack into Rey at...

I'm obviously spewing about putting a fair whack into Rey at 23c. I think outside influences (dodgy take over bids, legal action) distracted and weakened Rey when it should have been moving a lot higher (in relation to the market) and now with the market crashing we are stuck around 14c.

However the fundamentals of coal remain the same. India & China aren't going to stop building and feeding those power stations.

In the last investor reports it mentioned quietly about currently negoiating offtake agreements. This would be excellent news as other posters have pointed out, we need some bigger fish associated with this project to lend some credibility.

However we now have a proven project manager on board and enough cash to see us through for the short time. I would imagine there would be quite a demand for that sort of expertise so unless we are paying him way over the odds its a fair endorsement of the project.


I pull my hair out along with the rest of you, however I don't think I have thrown my money away just yet.

Now just need Rudd and his cronies to keep their smug mouths shut until we have some good invesment signed up first.