There are a number of problems with Reward.
1 , it doesn't have much money
2. it has minimal real assets to borrow against.
3. it has no prospects of any income for the next 1 to 2 years at least.
4 , its share price is in the toilet , so a raising not exactly attractive.
On my suggestion of a merger with ERL , your argument about Ruane's attachment to the ''process '' has some flaws.
His shareholding percentage is not that different between the 2 entities , so his exposure to said ''process '' isn't affected much by a merger.
There would definitely be a couple of hundred k admin synergies .
ERL has greater prospects for actual income over the next 12 to 18months which might support both .
So , on Reward, where does the money for payroll , interest on the Ruane loan [7%] , development costs of ''process'' , and lakes , come from?
A raising , another Ruane loan ?
Ruane taking it private for peanuts always a possibility, dont know how long it can just sit there impersonating a stromatolite .
So , Linden , what are your views on financing going forward?
cheers
- Forums
- ASX - By Stock
- RWD
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-21
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RWD (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.114M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27298 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27298 | 0.039 |
1 | 200000 | 0.037 |
1 | 40000 | 0.035 |
1 | 100000 | 0.029 |
1 | 50000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 7500 | 1 |
0.061 | 10000 | 1 |
0.077 | 132000 | 1 |
0.130 | 27227 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
Featured News
RWD (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online