RWD 1.47% 6.9¢ reward minerals ltd

Ann: Change of Director's Interest Notice, page-3

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  1. 6,852 Posts.
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    Hi Linden,
    He is constrained a bit by the fact that he has around 38% , and he takes too many , he would go over 50%.
    That causes problems from memory.
    But on the loans , they could have been called a few times , and in fact , he recently gave an assurance they wont be called in the next 12 months, so until that assurance , he was probably able to.

    Now I have my criticisms of his approach , but I think in his dealings with minor shareholders ,he is a saint .
    There are lots of ways he could take advantage of his position , with retailers powerless to do anything about it.
    If he called his loan for instance , what price the CR to pay him back ?
    1c , 1.5c if you were lucky , instantly owns most of the company .
    Seems one of the truly nice guys in the small resources space ,
    cheers



 
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