REY rey resources limited

Very exciting news and as you mentioned Nooks, from left...

  1. 12,546 Posts.
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    Very exciting news and as you mentioned Nooks, from left field.

    The approx value of REY's coal resources are valued by ASF as:

    13.8 x 5 = $69 million, or %100 above the current Market Cap.

    I find it very interesting that ASF announcement contains no information regarding REY's %10 interest in the Oil and Gas tenements. IMO - if they do in fact end up with control of the company in some way, they could sell the %10 for easily more than they might pay for the whole of REY.

    Taking %22 of the company also makes it extremely hard for Gujuret to get hold of the company (if they indeed want it at all).

    As snout mentioned -the 60 period for a transaction, opens all kind of possibilities..
    Would be very interested to hear more thoughts on where this may lead?

    Either way, a capital raising at a premium in the current conditions is impressive, especially when the deal would have been dotted and signed last week... right before the Greek election. Risky times, yet ASF is willing to put in $13.8 million into a company with a market cap 2.5 times that. REY's assets are worth more than what the market believes they are.

    Hard to know how this will play out. Hopefully management will provide more info over the next 2 months or hopefully earlier.
 
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(20min delay)
Last
1.1¢
Change
-0.004(26.7%)
Mkt cap ! $2.327M
Open High Low Value Volume
1.5¢ 1.5¢ 1.1¢ $422 28.66K

Buyers (Bids)

No. Vol. Price($)
1 270006 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 50000 1
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Last trade - 13.59pm 04/07/2025 (20 minute delay) ?
REY (ASX) Chart
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