Australian (ASX) Stock Market Forum

RWD - Reward Minerals

Jump to new
YOUNG_TRADER said:
BREAKOUT confirmed now,

Trading at all time highs, looks like Opes selling lid has finall been lifted

POO Brigade Charge!!!!!!!!!!!!!!!!!!!!!!! lol
Click to expand...

Hi do you know if there are any up to date price history charts of POTASH and PHOSPHATE?

Also besides IPL, MAK, RWD, are there any other companies on the ASX, exploring or producing these minerals?

thx

MS
 
Bought first thing this morning, closed up what, 10%? Anyway I'm pleased, if I can just make 10% returns every day :rolleyes:
 
Hi Michael,

I know BON is looking for Phosphate underwater off the coast of Nambia, its a load of crap if you ask me but I've been trading BON very succesfully on the back of all the hype, key word trade I wouldn't consider BON an investment linked to Phosphate (hence I din't bother even posting about it) good trading opp though

As for the pricing I just rely on the company and RWD released recently a strong increase in the POOtash price, check the thread

Cheers
 
There's also STB - South Boulder Mines.
They have the area next to RWD's Lake Disappointment for potash, but don't have their exploration licence yet for that area.
Then they have a Phosphate area next to SMD - Cardabia - previously drilled by CRA late 1980's. Also awaiting exp licence.
I believe they have some MAK directors involved.

They also have high grade shallow gold intercepts at Duketon.
Then there's a nickel JV with IGO and a Uranium spin off.

Worth a look IMHO. Their price hasn't run like the other RP/potash players because they're still in early stages.
45m shares on issue so MC about $11m @25c.
 
Hey thanks Stiles, I forgot about STB

RWD seems to still be in an uptrend since the announcement that they have access to their Multi Billion DOllar Potash project see my chart and techies correct me if I'm wrong please :eek:
 

Attachments

  • RWD chart.jpg
    RWD chart.jpg
    50.8 KB · Views: 357
I notice the director did a bit of shuffling around ie sold some shares to exercise options and as a result his net holding went up further,

I like it when directors align their interests with that of shareholders and since management control the majority of this company its a given here ;)
 
The director dealing was actually a net sell. He ended up with 1.16 million shares for free plus almost $250,000 cash in his pocket.

It looks like the rally has topped out and we could have a pullback for a round of profit taking.

I'm going to try to ignore the price movements keep holding these until they start producing. The should be worth big dollars by then.
 
Hey Oxford,

Yeah I took another look at that change notice,

I don't think the director was actually selling, it looks like it was selling by Intermin Resources another ASX listed company, I think they spun out RWD and thus have alot of shares,

So its definately not the driector selling personally which is a good thing imo
 

Attachments

  • IRC.jpg
    IRC.jpg
    62.3 KB · Views: 284
Also TUC reckon they might be onto some Phosphate around Tennant Creek in the NT but low grades so far but early days in the drilling.
 
And just for completeness...also one indirect exposure and one semi?-direct exposure:
IDO
my post in MAK: "just remember to knock 10% off any NPV calcs. for Indo Mines (IDO) who sold Wongarah to MAK and still hold 10% Option to buy back in for 20% of the capex. But it hasn't moved their price..yet" Their annual accounts shows it at pretty low cost in investments - so the true NTA is much higher.


WES
This hasn't been noticed at all. ..see my message another board
Lynas Corp have minerals in MP38/327 except phosphate which is owned by CSBP Wesfarmers Ltd ( I have confirmed by email from LYC).
When Anaconda passed this to LYC the media release(2001) quoted estim 260M tonnes @ 19.8% Phosphate. So Calc of in situ = net 47Mt @US$200t @ 0.90AUD is about $11B.
Anyhow - this lies under the LYC mineralisation so won't be an immediate. Check out LYC website for pretty diagrams

I note WES mkt cap today is $20B
 
Any thoughts on why this stock is dropping at the moment? Just profit taking? It seems to me to still be severly undervalued.
 
Dropping on very low volume (169,421) today.. possibly Intermin selling some more down.

Sitting pretty much on $1.41 support line right now..

I wouldn't be too concerned at the moment, but critical in this market to set a stop loss just in case you are wrong. Mine is a bit flexible, but approx $1.30.
 

Attachments

  • rwd_10Apr08.jpg
    rwd_10Apr08.jpg
    74.9 KB · Views: 214
Could also be traders realising profits and putting their money into IRC(think this is the right code:eek:)
 
just profit taking but also intermin selling and seeing its pretty illiquid then sp gets hammered but seems now to be good support at 1.40. I believe Sp will be on its way for the next leg up towards $2 very soon and when it happens it will be swift

This share is a classic medium term hold IMO given the Ag frenzy and it being the only likely potash producer in AUS any time soon
 
alankew said:
Could also be traders realising profits and putting their money into IRC(think this is the right code:eek:)
Click to expand...

lol given the volumes I seriously doubt it, 250k@30c= $75k I'd expect far more volume if that were true

Anyway, RWD is a great company with great fundamanetals, as far as I know its the only company with a Potash deposit and as I posted earlier, Australia imports 100% of its Potash so I think its safe to say RWD could end up with alot of interest from Potash users

Time will tell ;)
 
Shaw have come out with a decent report on RWD that would interest most punters in the poo market.

They recommend it as a buy, but just a $1.75 price target, not sure of the time frame.

Interesting reading anyway.
 

Attachments

  • Shaw Research on RWD.pdf
    412.9 KB · Views: 34
Management sound OK.

Ruane seems to be a little bit shy in ramping his companies. Check IRC for an example.

Perhaps he needs to speak to Andrew Drummond of MAK on how to promote a company?

:rolleyes:
 

Attachments

  • Ruane RWD.jpg
    Ruane RWD.jpg
    125.5 KB · Views: 199
Ruane is a good engineer/chemical guru but not sure if PR is his forte

I agree completely Kenna, he tends to play things conservatively, which is good, ie better than rampers but in such a competative mkt for capital and attention, surely he realises the need to do a bit of promotion ie IRC as well

Anyway I found the valuation very confusing, they say $1.75, but then at the end say over $4 if we take current prices into consideration

I guess they must think that Pootash prices will fall
 

Attachments

  • RWD val.jpg
    RWD val.jpg
    107.2 KB · Views: 191
The Poo brigade is launching a second charge!!!!!!

I've been noticing lately more and more articles talk about a food crisis/shortage, even today in Stock Analysis Peter Strachan was talking about a global food shortage and Fertilizers/Agri stuff being as important as Oil going forward

Who would have thought?

p.s. scary stuff indeed
 
Damn, I got flushed out of my stop loss yesterday at 1.31. Now it's rubbing salt into the wounds:mad:
 
Top