Ann: RWD Dec 2013 Quarterly Activities & Cashflow, page-14

re: Ann: RWD Dec 2013 Quarterly Activities & ... Taking another look at ORE it is easy to consider what might happen to RWD over the next 6 months.

With the scoping study released it would be an appropriate time for a major JV partner to be announced. This partner would fund the DFS for LD. They would arrange the debt financing in return for a cut of the project. In the case of ORE, Toyota earned a 25% stake in the flagship Li project.
With the DFS completed RWD would then proceed to raise the equity required, hopefully when the SP is north of $1, which would seem likely if Karly firms up and a JV partner for LD is known.

This theoretical arrangement would leave 100% of Karly, Officer, Adavale and Mackay in the hands of RWD.

Of course things get more complicated if a JV partner wants a piece of Karly rather than LD. They might want a piece of LD and first refusal of a piece of Karly. They may decide it is easier to own all of RWDs interests outright.

The Luobupo mob are paying for the FS at K Lakes. Why didn't MR mention this in the Quarterly? RWD still has a 15% interest in K Lakes according to the Q. This mob must have LD on their watch list.