NAIF didn’t lend to SO4 but it’s possible he was going to be grilled on the WA SOP sector given the potential loss facing the CEFC from their investment in SO4 and the commitments already made by NAIF to KLL and APC.
The heavily discounted APC cap raise points to investors being concerned by the sector.
I can actually see some benefit to RWD laying low (lower than usual) to avoid burning cash and needing to raise in this current negative environment. An obvious question is whether NAIF will become significantly more risk averse.
Has RWD missed an opportunity?
Finding a rock deposit at Officer looks a long shot but I wonder if investor sentiment would change with brine removed from the production equation?
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Last
6.4¢ |
Change
0.002(3.23%) |
Mkt cap ! $14.58M |
Open | High | Low | Value | Volume |
6.0¢ | 6.4¢ | 6.0¢ | $6.382K | 105.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7665 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7665 | 0.064 |
3 | 225468 | 0.060 |
1 | 40000 | 0.059 |
1 | 25000 | 0.058 |
2 | 45965 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 50000 | 1 |
0.074 | 50000 | 1 |
0.075 | 60000 | 2 |
0.080 | 173000 | 1 |
0.085 | 90000 | 1 |
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