Here the key parts I liked from this presentationGujarat NRE...

Here the key parts I liked from this presentation

Gujarat NRE Coke is 16.6% shareholder of Rey and the Chairman of GNM was on board of Rey until bid announced

Would have a detailed understanding of the inherent value and excellent potential of the Rey assets, including the Canning Basin Coal Project


highly conditional scrip based offer (including 90% acceptance condition) >> incapable of succeeding in current form as Directors do not intend to accept



Gujarat has said it intends to subscribe to its full entitlement under the rights issue


HUGE coal deposit , could contain
> many billion tonnes thermal