Since my first post, nothing much has changed. I guess the major thing that has really changed is that it raised capital (at 12c) which eliminated the capital raising issue.
Coal prices haven't been great but how much that impacts the stock depends on how you value the company (coal stock, oil & gas stock or a mix). All small caps have been belted in this market. No-one likes explorers at the moment. Even producers have been belted around.
Until appetite for risk returns, nothing will change. Native title and environmental clearance wouldn't hurt, neither would a sell down of the DP project...
why bother investing in rey?, page-38
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Mkt cap ! $11.84M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 24473 | 5.5¢ |
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| Price($) | Vol. | No. |
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