Australia's largest stock trading and investment forum Australia's #1 stock forum

RWD

Click for more information

8.45%

7.7¢ reward minerals ltd

Ann: Trading Halt, page-21

First 21 Last

Share
Profile

Follow
gog246

484 Posts.

3

17/06/15

18:48

Post #: 15485040
Share

Originally posted by stockanalyst1 ↑

Seems that the price of a placement is dominating the discussion. More importantly is the use of the extra capital to reach a critical milestone - the DFS. The placement is not that price sensitive.

Say that RWD needs $8.5 million which together with existing funds + option exercise will give RWD a comfortable run to that milestone.

Price is 80 cents and RWD would like to place $8.5 million at 85 cents - place 10 million shares.

Market wants to deal at 75 cents - place 11.1 million shares.

I cannot see that extra 1 million shares has any effect on the long term picture against getting this raising out of the road and moving to DFS in a strong position

Expand

Agree but looks like the financial system is not looking great & money could get harder Aquire, time to consolidate & build the war chest to production. Just saying ?

RWD Price at posting: 80.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 20 more messages in this thread...

First 21 Last

Add RWD (ASX) to my watchlist

(20min delay)
Last 7.7¢		Change 0.006(8.45%)		Mkt cap ! $19.72M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.4¢	$12.67K	169.0K

Buyers (Bids)

No.	Vol.	Price($)
4	624456	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	10000	1

View Market Depth

No.	Vol.	Price($)
4	624456	0.071
3	159842	0.070
1	10001	0.069
2	308485	0.066
2	644996	0.065

Price($)	Vol.	No.
0.078	10000	1
0.079	309133	1
0.080	40000	1
0.098	100000	1
0.130	27227	1

Last trade - 15.49pm 11/11/2024 (20 minute delay)

RWD (ASX) Chart

SPONSORED BY