REY rey resources limited
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Good news for REY shareholders (belatedly) and BRU as well (no...

  1. nooks
    1,541 Posts.
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    18/03/13
    08:49
    Post #: 11550757
    Good news for REY shareholders (belatedly) and BRU as well (no cap raisings required in the short term).

    I'm pleased to see management have finally delivered something to protect shareholder's assets (the original pre-emptive right in the Gujarat farm out deal). Not quite as good as owning 100% and being able to farm out to a major, but at least they now own a significant stake and with all the legal mess out of the way, Buru can focus on identifying and producing hydrocarbons out of some of the most prospective land in the Canning!

    I wonder if Anatol will be back?
    REY Price at posting: 5.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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