If we take a step back and look at the history on RWD on where the company has come from and where the company is currently at and the huge effort required to get the company to this point - its hard to believe that this will not be a goer .
Back in 2008 MR tried to get a mining agreement in place with the Martu which was unsuccessful, since then Company made several approaches to Western Desert Lands Aboriginal Corporation (WDLAC) to assess the possibility of resumption of talks relating to the project. Late in 2010, WDLAC on behalf of the Martu people agreed to hold preliminary discussions. These discussions have developed into negotiations as to terms Reward proposes for development of the Lake Disappointment project for consideration by WDLAC and the Martu Traditional Owners.
This was done by the Company in the form of a Costs Agreement and Terms offer. Receipt of this documentation was acknowledged by WDLAC in March 2011 and announced to the Market on 1 April 2011. As mentioned in the April 1 announcement, WDLAC sought to properly consult with and seek approval of Martu Traditional Owners prior to entering any binding commitments.
In April 2011, the WDLAC Board comprising 15 Martu representatives agreed to call an on-country meeting for Martu Traditional Owners and authorised representatives to consider and provide their views on the Reward proposals for development of the Lake Disappointment project. A meeting was held on-country at Camp 3 late in June 2011 with the Lake Disappointment project being discussed on 25 June 2011.
Since those early beginnings on renewed negotiations back in June 2011 there has been a huge amount of effort put in to overcome all the native title hurdles and get the company to the point where production is almost imminent....again I don't see that this will all fall apart with things being so close .
Another few things to consider that should provide positive SP sentiment is :
1. MR reduced stake in RUM to concentrate on LD
2. Azure Capital invested $4.5 in RWD @90c
3.MR continues to pump a significant amount of his hard earned into the company and has a lot skin in the game.
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RWD
reward minerals ltd
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If we take a step back and look at the history on RWD on where...
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.6¢ | 185900 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.040 |
1 | 40000 | 0.038 |
1 | 50000 | 0.036 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.046 | 185900 | 1 |
0.059 | 50000 | 1 |
0.062 | 29286 | 1 |
0.065 | 22000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.21pm 19/09/2025 (20 minute delay) ? |
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RWD (ASX) Chart |
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