My take on the current RWD situation is that M. Ruane is telling...

My take on the current RWD situation is that M. Ruane is telling everyone that he does not have reasons to support the current price rise.

Perhaps it is a viral outbreak of hopium. Of all the stocks on the ASX why would a thinly traded stock that inches its way forward get traction from the hopeful to spray money against a wall.

The third option is that buying is underway and M. Ruane is not in the loop. The potential projects of RWD are very tasty and hugely undervalued in the share price. The Friday buying against a falling market should have some underpinning.