Apologies to Tom Petty but it does sum up where we are at with Reward. We thought the sp spike to the high 50's was unsustainable without further news and we were proven right. I suspect some of the punters who bought in on the way up are out already. Hopefully the mid 40s is the new base.
The danger is that long term holders can just get worn down by the feeling of 'same old same old' an unsustainable rise. But things are different now. The potash price cycle is on the rise. Both Carnarvon and Adavale will have drilling on their boundaries which has massive implications for us. We have been given specific time frames for meetings with the LD and LM traditional owners. Moora is still a wild card. One positive from any of this and we are 'through the gap' with an sp rise which is both substantial and sustainable.
The next six months have the capacity to be transformative for RWD forever, hand in there folks.
Pagarsi
RWD Price at posting:
44.2¢ Sentiment: LT Buy Disclosure: Held
