Special Situation stocks

CWT halted trading today ahead of EGM of HNA.

Quotes for buy and sell are now $2.30 -- $2.30 .

Obviously at the EGM shareholders have approved the purchase of CWT!
Offer price is $2.33

How about REX? Share price only 7 cents after oil price dropped.
But REX is not producing oil yet. Will start in 2H2019 and then the price of oil may be higher.

Long ride up this afternoon after REX announced the US$45 million deal to sell its stake in North Sea oil resources. It's a lot lower than expected compared to when they gave the Powerpoint presentation 1 year ago about their NAV

infopub.sgx.com/FileOpen/20180425_RIHGro...cement&FileID=500813 "

but crude prices have slid a lot since, especially in 4th Q of 2018..
REX still undervalued becos of Oman Block 50 oil resources.

....message from some broker circulating on Whatsapp regarding positive upside for REX:

EVENT-CATALYSTS:

A. Early Feb 19:
Likely details of more potential Buyers of its Norway stake
B. Early Mar 19:
Likely expert report out
C. Early Apr 19:
Document of commerciability on Oman likely out

REX -- how?

Divestment of Norway assets about US$45 million cash -- anyone attended AGM last week? Got better idea on how this is progressing? Potential catalyst if confirmed or if money received soon. REX now only 7.9 cents, potentially can offer big % gain.


Just saw AGM presentation slides but no definitive answer:

links.sgx.com/FileOpen/Rex-20190426_AGM_...cement&FileID=556091