Latest news from China .... power outages occurring / expected...

Latest news from China .... power outages occurring / expected ongoing during winter in several provinces due to severe shortages of THERMAL COAL for power generation and forcing cut backs in street lighting at night.

This is a SERIOUS emerging problem and really no substitute solution in mid term even considering CO2 emissions etc ...... PRC's nuke evolution and other stuff gives them plenty of credits to counter BUT reality remains they cant produce enough power for CURRENT needs and that is likely to continue thru the decade as urbanisation expands.

Like it or not we are stuck with increasing THERMAL COAL demand and expect some decent price hikes this year and probably beyond well into the new decade.

Difficult to properly value an emerging producer like REY with lotsa ticks for its LOCATION and port facility control, but anyway I look at it, seems we have multiples upside in foreseeable future based likely development schedule.

Wouldnt take much to see huge quantum re-rate in REY anytime from here. Reckon the Chinese would by now be all over REY with their slide-rules wondering how to secure a decent slice. No hurry one would hope on REY's part ..... at least not until current opex raisings are put to good use to properly define resource for next valuation rerate. Aint one due this month ?

Has a real good feel to it for mid term investment growth. Issue overhang seems to be over and chart technos are accordingly poised.

IMBOOC