Gujarat hits back at Rey directors

DESPITE the wishes of Rey Resources’ directors, underground coal producer Gujarat NRE Minerals will continue efforts to take over the junior, with a bidding statement expected on June 29.

Gujarat hits back at Rey directors Gujarat hits back at Rey directors Gujarat hits back at Rey directors Gujarat hits back at Rey directors Gujarat hits back at Rey directors

Gujarat offered one of its shares for every five Rey shares two weeks ago, valuing Rey at 9c per share at the time, which was a considerable premium to the 5c territory it occupied for most of last

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