REY 0.00% 5.5¢ rey resources limited

No major ann due till resource upgrade in jan.reason it has done...

  1. 290 Posts.
    No major ann due till resource upgrade in jan.

    reason it has done so well since cap raising is that Matthews capital took up all of BBYs allocation so now holds 16% and is a longer term investor. so is very tightely held now hence the lack of sellers. if you look at major shareholders Matthews has 16% Gujaret (GNM) 16% and three individuals with aroun 6-8% so over 50% is held by longer term investors.

    Mathews capital bought into BTU at ~5c and holds now at 70c so they are a longer term investor. so things looking very good for REY
 
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