placement, page-5

Last week they were 60c, bounced between 60 and 85c over the last three months. Obviously the insto's always get placements at a discount so 68c seems pretty reasonable to me (weighted average 3 month price 70c) and a fair discount to current upper price mark.

What I was impressed about in the pressy is the advanced MEGA potash targets already bedded down and ready to go. This is all potentially big upside to LD and the sort of billion dollar project that will see RWD whacked if it comes up trumps. BHP et al are looking for the buried elephant evapourites capable of delivering 1-2Mt potash pa and RWD might just fast track that process for someone!

Good luck