RWD 2.50% 3.9¢ reward minerals ltd

Tibbs,I believe you are wrong about share placement hanging over...

  1. 3,298 Posts.
    lightbulb Created with Sketch. 19
    Tibbs,
    I believe you are wrong about share placement hanging over market. RWD are setting up the legal requirements to make a capital raising some time in the coming few months, not now. Once brokers who where expecting to receive placement stock realize it is not happening now, they may be forced into the market as buyers. The placement could go to one party i.e. overseas buyer of potash from RWD, so no broker should be expecting they are the prefered recipients of placement stock. I think RWD will hold off as long as possible to gain maximum share price pre placement given they have sufficient funds to build road & some trial ponds.
    They are trying to keep dilution to a minimum, so why go early.
    Regards
    Buffett
    PS No investment advice given on RWD, please do your own research.
 
watchlist Created with Sketch. Add RWD (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
-0.001(2.50%)
Mkt cap ! $8.886M
Open High Low Value Volume
3.9¢ 3.9¢ 3.9¢ $780 20K

Buyers (Bids)

No. Vol. Price($)
1 7298 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 7500 1
View Market Depth
Last trade - 10.39am 03/09/2024 (20 minute delay) ?
RWD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.