RWD

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2.5¢ reward minerals ltd

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Peachydayz

148 Posts.

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24/05/24

19:45

Post #: 74001023
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Originally posted by boomeronrations: ↑

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

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RWD Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.5¢		Change -0.003(10.7%)		Mkt cap ! $5.696M

Open	High	Low	Value	Volume
2.5¢	2.8¢	2.5¢	$37.37K	1.442M

Buyers (Bids)

No.	Vol.	Price($)
1	45981	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	250	1

View Market Depth

No.	Vol.	Price($)
1	45981	0.025
3	302730	0.022
1	30000	0.021
1	50000	0.020
1	35000	0.015

Price($)	Vol.	No.
0.030	250	1
0.032	34990	1
0.045	50000	1
0.050	70000	2
0.070	132000	1

Last trade - 15.56pm 28/06/2024 (20 minute delay)

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