An article by Frank Gomez in both the Australian Energy Report and the Eureka Report outlined Rey Resources as a candidate for the next Ten Bagger. This is a share that grows to ten times its original purchase price.
The article highlights recent Ten Bagger examples on the ASX to included CSL, Fortescue and Arrow Energy. Other examples included the coal shares NHC, NEC and GCL that provided an annual return of between 33% and 37% over the past five years.
More specifically, it stated that REY is a widely ignored and potentially undervalued West Australian coal miner with an interest in supplying the Indian thermal coal market. The company has some unique diversification benefits such as shorter sea route access to India compared to eastern seaboard coal miners, and a more stable thermal coal market that is not as reliant on growth-dependent Chinese steel production.
Reading this and the latest ASX report on Rey, I am in no doubt the market will soon awaken to the fact that it is highly undervalued.
An article by Frank Gomez in both the Australian Energy Report...
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