Tibbs, I believe you are wrong about share placement hanging over market. RWD are setting up the legal requirements to make a capital raising some time in the coming few months, not now. Once brokers who where expecting to receive placement stock realize it is not happening now, they may be forced into the market as buyers. The placement could go to one party i.e. overseas buyer of potash from RWD, so no broker should be expecting they are the prefered recipients of placement stock. I think RWD will hold off as long as possible to gain maximum share price pre placement given they have sufficient funds to build road & some trial ponds. They are trying to keep dilution to a minimum, so why go early. Regards Buffett PS No investment advice given on RWD, please do your own research.
RWD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
