RWD - Reward Minerals
- Thread starter exberliner1
- Start date
-
- Tags
- reward minerals rwd
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,055
Ugly 6 weeks for RWD, looking similar to MAK.
Just about to find some support around $1.15 ish ish.
This news might help it out:
Potash fetches record price as Asian demand grows
Some buyers pay $1,000 per tonne for Canadian product
Reuters
Published: Thursday, July 17, 2008
WINNIPEG -- Canpotex, the export marketing consortium for Canadian potash miners, has raised its spot price for some Asian buyers to $1,000 per tonne, an analyst at J.P. Morgan said on Wednesday.
Just about to find some support around $1.15 ish ish.
This news might help it out:
Potash fetches record price as Asian demand grows
Some buyers pay $1,000 per tonne for Canadian product
Reuters
Published: Thursday, July 17, 2008
WINNIPEG -- Canpotex, the export marketing consortium for Canadian potash miners, has raised its spot price for some Asian buyers to $1,000 per tonne, an analyst at J.P. Morgan said on Wednesday.
Attachments
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,055
Lowly volume but the support was there. No sellers and the buyers chipping away slowly. The next decent bear rally, you might expect a decent run on this, pending other left field news, like the Martu renegging. Unlikely at this stage.
Attachments
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,055
RWD coming off on low volume caused by (IMO) the Martu dilly dallying about with the mining contract paperwork.
Pretty shoddy work by the Martu and it must be very frustrating for RWD.
I anticipate that once the green light is finally given, then the buyers may come back as they did on the original agreement by the Martu in Feb, all else being equal.
(not holding)
Pretty shoddy work by the Martu and it must be very frustrating for RWD.
I anticipate that once the green light is finally given, then the buyers may come back as they did on the original agreement by the Martu in Feb, all else being equal.
(not holding)
Just shocking,,,,,,,,, that I bought some around two dollars,,, and now I just happen to notice Dr Michael Ruane owns nearly 50% of the shares on issue, having just bought 90K shares on market two days post someone exercising 20cent oppies,,,,,gee I wonder if thats related mmmmmmm,,,,,the other co he has a large stake in is 30% of intermin (same business address, ??same staff ie RWD or intermin are two bit companies,,,, or kindly putting it,,,,,,, more correctly valued as per around 2006 07 market cap levels) and it's a one project company in pre development phase,,,,, ie plenty more dilution via share raisings,,, me thinks oppies galore will be issued,,,,, share price surge IF and ONLY IF Martu sign up will be time to quit......... I like their story,, ie Potash at Lake Disappointment and have read the shaw stockbrokers report mentioning $1.75 as a target but will be outa this one due to the broader market being volatile,,,,,,,, this same story in a different market would be a buy,,,,,,, but this current market has no patience,,,,,,, methinks there will be chances to buy cheaper.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,055
I thought Ag and PM stocks would have been the only safe place during this catastrophe, but wrong again.
Can we assume that when buyers come back into the market that these will be the one's to run OK? Or, are the Four Horseman just going to nuke everything. Or, has the nuking been done?
This chart looks much like MAK's. Distressed. To say the least.
On the watch list for the long anticipated turnaround, whenever that is. 2060?
Can we assume that when buyers come back into the market that these will be the one's to run OK? Or, are the Four Horseman just going to nuke everything. Or, has the nuking been done?
This chart looks much like MAK's. Distressed. To say the least.
On the watch list for the long anticipated turnaround, whenever that is. 2060?
Attachments
- Joined
- 12 October 2007
- Posts
- 462
- Reactions
- 210
Is this just a pause before more sliding? or the long awaited turnaround people are hoping for?
Has there been any more word on the Jinka Minerals spin off?
Cheers,
Kenny
Has there been any more word on the Jinka Minerals spin off?
Cheers,
Kenny
- Joined
- 12 April 2005
- Posts
- 842
- Reactions
- 0
Yep, definitely a two bit company.
Only has about 800billion dollars worth of inground metal. I mean Intermin not Reward
Hi all,
Might be worth noting that SmartInvestor magazine had the ag sector as the only one that might/should go contrary to the current market down trend. Also in same edition there was a prediction that ASX200 would head down to 4180 then possibly even 3480
If so any sector that can go contrary is worth looking at!!!!
Might be worth noting that SmartInvestor magazine had the ag sector as the only one that might/should go contrary to the current market down trend. Also in same edition there was a prediction that ASX200 would head down to 4180 then possibly even 3480
If so any sector that can go contrary is worth looking at!!!!
- Joined
- 29 April 2007
- Posts
- 122
- Reactions
- 0
Kennas - honestly - did anybody actually think this would go smoothly??
There was far too much money to be made on this deal, so there's probably a fair amount of finger pointing to go around.
The good news is that this is going to arbitration - even better news is RWD is going into arbitration WITH a prior offer based on goodwill that was initially accepted. These will all be in the benefit of management.
The best part however is now we're on a set schedule, no more debates, delays, bargains or other tangents - a date will be set and a resolution will be issued. This will be within a 6 to 12 month period - sure it's a step back if you're a day trader, but for the long term holder this is a much more desireable position to be in rather than having unknown variables such as Native Owner or particularly, Native Owner's ADVISERS holding things up to suit their schedule/agenda.
If I had the cash, I'd be loading up at these extremely low levels. Any small amount of positive news (i.e. arbitration ruling, increase JORC etc) and the market will surely see this as a VERY minor, yet unfortunately, necessary path that RWD had to take.
Best of luck to holders.
And again - DYOR, just my opinions, I'm far from educated and if you lose your shirt it's your own D@mn fault.
There was far too much money to be made on this deal, so there's probably a fair amount of finger pointing to go around.
The good news is that this is going to arbitration - even better news is RWD is going into arbitration WITH a prior offer based on goodwill that was initially accepted. These will all be in the benefit of management.
The best part however is now we're on a set schedule, no more debates, delays, bargains or other tangents - a date will be set and a resolution will be issued. This will be within a 6 to 12 month period - sure it's a step back if you're a day trader, but for the long term holder this is a much more desireable position to be in rather than having unknown variables such as Native Owner or particularly, Native Owner's ADVISERS holding things up to suit their schedule/agenda.
If I had the cash, I'd be loading up at these extremely low levels. Any small amount of positive news (i.e. arbitration ruling, increase JORC etc) and the market will surely see this as a VERY minor, yet unfortunately, necessary path that RWD had to take.
Best of luck to holders.
And again - DYOR, just my opinions, I'm far from educated and if you lose your shirt it's your own D@mn fault.
- Joined
- 10 May 2008
- Posts
- 201
- Reactions
- 1
Extraordinary... what a sell down.
Great to see MR play hard ball. The frustration was apparent in the quarterly report - no doubt it must have been even more apparent over the negotiating table. In spite of that the WDLAC have continued to push their luck after initially agreeing the deal - what an error of judgement.
The interesting thing is that even with the frustrations and prospect of walking away, MR has continued to buy up. His last buy was noted several days after the venting of frustration in the quarterly, and at a price well north of where we ended today. This project is going to happen - perhaps not as quickly as some would have liked, but it will happen...
Couldn't resist the sell down - at last, I'm in...
Great to see MR play hard ball. The frustration was apparent in the quarterly report - no doubt it must have been even more apparent over the negotiating table. In spite of that the WDLAC have continued to push their luck after initially agreeing the deal - what an error of judgement.
The interesting thing is that even with the frustrations and prospect of walking away, MR has continued to buy up. His last buy was noted several days after the venting of frustration in the quarterly, and at a price well north of where we ended today. This project is going to happen - perhaps not as quickly as some would have liked, but it will happen...
Couldn't resist the sell down - at last, I'm in...
- Joined
- 7 November 2007
- Posts
- 312
- Reactions
- 0
Indeed.
I got badly burnt this morning as I'm sure I was the only idiot who bought at 1.205
I wanted to to be a short term trade but instead copped yet another loss
Now that i look at the chart I really dont know what i was thinking by buying in today. Its had such a good run it was almost certain to have a day like today.
Count your blessings mate. I got stopped out at 1.30 a few months ago and bought back in at 1.80......not very rwding.
I'm definitely in for the long run.
- Joined
- 29 April 2007
- Posts
- 122
- Reactions
- 0
Managed to bring my average buy in now below $1 so I'm rather stoaked!
Definite mid to long on this - would NOT be suprised however if the NT's realize they let the cat out of the bag and scramble to sign the previous agreement with management.
RWD holding all the cards now...
Definite mid to long on this - would NOT be suprised however if the NT's realize they let the cat out of the bag and scramble to sign the previous agreement with management.
RWD holding all the cards now...
I just finished going thru the RWD thread makes for interesting reading.
The share price from 1st post at 0.80c up to nearly $3.00,now back to 0.40c
Director converted more options today
Potash prices seem to of held up thru all this doom and gloom
Anyone else holding?
I hold so am biased ( hopefully native title issues will be resolved soon)
The share price from 1st post at 0.80c up to nearly $3.00,now back to 0.40c
Director converted more options today
Potash prices seem to of held up thru all this doom and gloom
Anyone else holding?
I hold so am biased ( hopefully native title issues will be resolved soon)
adam(BA law?), how about ringing yr cussy bro's and ask them hows it going. maybe also ask them how many days of piss and hooker dosh they have left too.
beware, just contact them before 10am tho.
tell em the prices of potassium/potash, has fallen off the cliff and will stay low for say, a decade, ie a lifetime and u know a real top lawyer who can represent them.....
beware, just contact them before 10am tho.
tell em the prices of potassium/potash, has fallen off the cliff and will stay low for say, a decade, ie a lifetime and u know a real top lawyer who can represent them.....
Buy the rumour sell the fact?
Up 12.5% today very small volume with only 20 odd grand being spent, still,with only 47,000 shares up for sale as of close today,these shares appear to be very tightly held
Good news on a couple of fronts could see an interesting tussle for own ership,negative news or further delays and id imagine back to the 0.30s
Heaps of info in previous posts and has moved quickly in the past
I hold so please dyor
Up 12.5% today very small volume with only 20 odd grand being spent, still,with only 47,000 shares up for sale as of close today,these shares appear to be very tightly held
Good news on a couple of fronts could see an interesting tussle for own ership,negative news or further delays and id imagine back to the 0.30s
Heaps of info in previous posts and has moved quickly in the past
I hold so please dyor