Annuncio • Jul 08
Vigorous Resources Pty Ltd made a cash Offer to acquire Rey Resources Limited (ASX:REY) from group of shareholders for AUD 4.9 million. Vigorous Resources Pty Ltd made a cash Offer to acquire Rey Resources Limited (ASX:REY) from group of shareholders for AUD 4.9 million on July 8, 2025. A cash consideration of AUD 0.028 per ordinary share will be paid by Vigorous Resources Pty Ltd. If Vigorous Resources meets the 90% has indicated proceed with compulsory acquisition of the outstanding REY Shares in accordance with the provisions of Chapter 6A of the Corporations Act. If such compulsory acquisition occurs, REY Shareholders who have their REY Shares compulsorily acquired will not receive their Offer Consideration until after the compulsory acquisition notices are dispatched to them. Each Director who holds or controls REY Shares intends to accept the Offer. The REY Board unanimously recommend that the REY Shareholders accept the Offer, in the absence of a superior offer. The Directors of the Company who own REY Shares have indicated their intention to accept the Offer and sell all of their REY Shares to the Bidder on the terms of the Offer. Vigorous Resources has obtained all necessary regulatory approvals required in connection with the Offer. As such, this Offer is not subject to any regulatory conditions. The Offer is expected to open on Wednesday, 9 July 2025 and ends on August 11, 2025.
SW Accountants & Advisors acted as tax advisor to REY. Board Change • Jun 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 02
Rey Resources Limited, Annual General Meeting, Nov 28, 2024 Rey Resources Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Shares are highly illiquid. Earnings have declined by 5.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.62m market cap, or US$5.21m). New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.62m market cap, or US$5.23m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • Sep 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.85m). Board Change • May 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 05
Rey Resources Limited, Annual General Meeting, Nov 29, 2023 Rey Resources Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider and approve the re-election of directors. Board Change • Sep 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Stanley Fu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 17
Rey Resources Limited Announces Board Changes Rey Resources Limited has appointed Qianrui (Stanley) Fu as non-executive director of the company with effect from May 15, 2023. Mr. Fu was working for the Company as Operation Manager for 5 years until July 2022. He has over 10 years experience in commercial management, research and analysis, operations as well as delivery of complex projects within the oil and gas industry. The Company also announces the resignation of Mr. Chi Yuen (William) Kuan as Director of the Company, effective 15 May 2023. Mr. Kuan will remain in the position of Company Secretary of the Company. Board Change • May 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Company Secretary & Director William Kuan was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Company Secretary & Director William Kuan was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Director Yan Zhao was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Director Yan Zhao was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 29
Rey Resources Limited Announces Board Changes Rey Resources Limited announced the appointment of Mr. Yan Zhao as executive director of the company with effect from 29 November 2022. Mr. Zhao has over 17 years of management and engineering experience in coal exploration, mining industry business development both in Australia and China, as well as networks. He currently serves as Resources Manager of the Company, used to serve as Resources Director, Vice President of ASF Group Ltd. from 2017 to 2022. Before 2017, he worked in a Chinese company (Australia branch) and held several essential positions. He holds a Bachelor Degree of Mechanical Engineering and Automatization, Agricultural University of Hebei. He also holds a senior engineer certificate in China. The company also announces the resignation of Mr. Dachun Zhang as non-executive director of the company, effective 29 November 2022. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Dachun Zhang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 01
Rey Resources Limited, Annual General Meeting, Nov 28, 2022 Rey Resources Limited, Annual General Meeting, Nov 28, 2022. Agenda: To consider re-election of directors. Annuncio • Sep 30
Rey Resources Limited Announces Louis Chien Resigns as Alternate Director to Ms. Min Yang, Effective 1 October 2022 Rey Resources Limited announced that Mr. Louis Chien resigned as Alternate Director to Ms Min Yang, effective 1 October 2022. Board Change • Sep 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Dachun Zhang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Dachun Zhang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Dachun Zhang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jan 30
Rey Resources Limited (ASX:REY) acquired 20% stake in Southernpec (Australia) Pty Ltd. Rey Resources Limited (ASX:REY) acquired 20% stake in Southernpec (Australia) Pty Ltd on January 28, 2022.
Rey Resources Limited (ASX:REY) completed the acquisition of 20% stake in Southernpec (Australia) Pty Ltd on January 28, 2022. Board Change • Oct 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Dachun Zhang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.