A 10% blocking stake by a prospective take over company in the short term unlikely for the following reasons. 1. Still no proven resource statement for LD or other prospective tenements.
2. with less than 100 mil shares and about 24 mil options issued getting a 10% stake would be difficult without blowing the sp out to inflated prices on a high risk asset.
3. About 60% of shares are held by the top 20 holders and the good doctor and management directly and indirectly hold a large potion of the 60%.
4. Most companies with the financial ability to buy out rwd are adverse to risk and so a quite prepared to wait till the resource is proven, and all the mining approvals have been granted. This includes the deals done with any traditional owners. Thy will then run there tape measure over rwd and then consider a take over.
Just my views so do your own research.
cheers ns
RWD Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held
