It doesn't look like REY are being taken for a ride, look at the terms. It looks more like they have an option on the tenement and are having a gamble on the outcome with very little in the pot given they can terminate at any time for any reason.
OBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held
REY Price at posting:
9.0¢ Sentiment: None Disclosure: Held