This is BHP's 2nd jump into potash. If BHP think potash is an "important commodity" along side iron ore and oil, then it has HUGE world-wide significance.
See my post on RWD's strategy. RWD is currently confirming its Australian resources and intends to become a major potash player locally and in our region.
IMO, it has the potential to become a billion dollar company.
So please, show more patience.
By way of comparison, look at KOR. I bought 100,000 shares at 12c a while ago. There were few announcement to shareholders and then some big ones in the last 6 months. A uranium spin-off with 1.37 free shares in UAU per each Korab share held. And then a splitting of its gold assets with 1 free share per each Korab share held for each of its Melrose Gold Deposits (Yilgarn - WA)and Bobrikovo Gold & Silver Deposit (Ukraine). IPOs in the uranium and gold companies are to follow! And Korab still retains its rock phosphate and magnesium assets.
I am temporarily out of RWD as I sold most of my portfolio to maximise my exposure to the coming MEO explosion. ----------------------------------------------------- Blesssed are the patient for they shall inherit the earth
RWD Price at posting:
43.5¢ Sentiment: Buy Disclosure: Not Held
