Definitely out of favour and for good reason but RWD is now the most exciting offering in the sector.
It will be interesting to see if any relationships with local SOP companies ensue. If they do it will be an admission by directors to their shareholders that a peer company has more to offer. A pill some will find hard to swallow.
At the very least a positive scoping study should pave the way to some sort of development of RWD's flagship asset. A demo plant would be a low risk step with far less dilution to existing holders in the long term and more attractive to potential backers given what has happened at other projects.
RWD Price at posting:
11.0¢ Sentiment: None Disclosure: Held
