RWD - Reward Minerals
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Sean K
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In three ways I feel.
More shares on issue means it's more liquid and won't move as fast up or down.
More shares on issue dilutes the company market cap making it less value for the same assets.
Issuing shares (at a price) improves the financial position of the company.
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Yeah RWD is looking good and as todays presentation highlighted
AUSTRALIA's ONLY JORC POTASH PROJECT
Surely thats got to give it the monopoly advantage
So Tech looks like this memeber of the Poo Brigade is charging hard and fast towards your price target
AUSTRALIA's ONLY JORC POTASH PROJECT
Surely thats got to give it the monopoly advantage
So Tech looks like this memeber of the Poo Brigade is charging hard and fast towards your price target
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Nice chart, but Plasmo care to elaborate here mate? Why do you think "you will be riding it to at least $4.00 over the next 12 months..." Any fundamental or technical reason behind this seemingly out of thin air price target?????????????
Cheers
That's a rough figure based on the same fundamental analysis referenced earlier in this thread but taking into account higher Potash prices, which are not likely to decline any time soon given food shortages and the absence of any other major source of Potash in Australia.
If their exploratory projects yield anything, the price if anything could go higher still.
If their exploratory projects yield anything, the price if anything could go higher still.
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Hi Plasmo, I think we also need to understand that food shortages are not due to shortages of Potash supply, but more to do with shrinking arable land and lack of rainfall. As the agricultural community shrinks, the one would assume that fertiliser demand would also reduce. Correct me if I am on the wrong track here - I am no farming expert
1 of the reasons for food shortage is that America is paying its farmers to grow corn to be turned into car fuel. This not only eats up the supply of corn and pushes people onto corn alternatives (eg wheat, rice), it also encourages other farmers to switch to growing corn instead of other crops.
Rising wealth in China is also enabling them to eat more food.
Even if arable land decreases somewhat, there is sufficiently greater demand to force the remaining land to be used more efficiently - it isn't as if all land is flooded with the maximum useful quantity of fertiliser currently.
We also need to consider that the export tax China is slapping on its own supplies is creating a competitive advantage for Australian potash production.
Even if the quantity of arable land shrinks, to grow more food on less land requires more fertiliser. Ultimately bringing more supplies onto the market will counterbalance demand for fertiliser with increased supply, but in the meantime, windfall profits await entrepeneurs who are in the market early.
Rising wealth in China is also enabling them to eat more food.
Even if arable land decreases somewhat, there is sufficiently greater demand to force the remaining land to be used more efficiently - it isn't as if all land is flooded with the maximum useful quantity of fertiliser currently.
We also need to consider that the export tax China is slapping on its own supplies is creating a competitive advantage for Australian potash production.
Even if the quantity of arable land shrinks, to grow more food on less land requires more fertiliser. Ultimately bringing more supplies onto the market will counterbalance demand for fertiliser with increased supply, but in the meantime, windfall profits await entrepeneurs who are in the market early.
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Hi guys,
There have been some very good points raised in this discussion,
ie that reduced suitablle arable land = reduced demand for fertilizer
but reduced arable land with same requirement of food output = requirement for increased effciency ie = more fertilizer effciency
HOWEVER there is one important thing to remember, AUSTRALIA IMPORTS 100% OF ITS POTASH REQUIREMENTS
Whether this local demand for Potash stays flat is irrelevant as RWD's operation can supply 100% of it and thus the asset becomes sorta like a national treasure
Hopefully RWD can push higher but it looks like alot of the easy gains ie 50c - $2 have already been made, that being said being the only Potash play in Australai who knows how high it can go
There have been some very good points raised in this discussion,
ie that reduced suitablle arable land = reduced demand for fertilizer
but reduced arable land with same requirement of food output = requirement for increased effciency ie = more fertilizer effciency
HOWEVER there is one important thing to remember, AUSTRALIA IMPORTS 100% OF ITS POTASH REQUIREMENTS
Whether this local demand for Potash stays flat is irrelevant as RWD's operation can supply 100% of it and thus the asset becomes sorta like a national treasure
Hopefully RWD can push higher but it looks like alot of the easy gains ie 50c - $2 have already been made, that being said being the only Potash play in Australai who knows how high it can go
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Looks like a breakout now above $2
Its taken a bit of volume but it finally got there,
Tech/a hows the chart looking? Still on target?????
Its taken a bit of volume but it finally got there,
Tech/a hows the chart looking? Still on target?????
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Announcement out - AGM on.
CAP RAISING!!!!
Per resolution 3 of the AGM notice, they're looking to take advantage of their current SP and place an additional 20 MILLION shares placed at approximately 80% of the tradining SP over the past 5 days.
MAK did the same thing when they were trading at 1.5 and it hasn't harmed their SP at all.
I can only think this is a positive, with more cash in the bank to prove there's more potash in the ground and also to be able to finance initial pilot projects it looks as though RWD are stepping it up to the next level.
Again - not a broker so please DYOR.
CAP RAISING!!!!
Per resolution 3 of the AGM notice, they're looking to take advantage of their current SP and place an additional 20 MILLION shares placed at approximately 80% of the tradining SP over the past 5 days.
MAK did the same thing when they were trading at 1.5 and it hasn't harmed their SP at all.
I can only think this is a positive, with more cash in the bank to prove there's more potash in the ground and also to be able to finance initial pilot projects it looks as though RWD are stepping it up to the next level.
Again - not a broker so please DYOR.
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Had a look at the announcement and didn't say whether the cap raising is for current holders or open to the general public?
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Shaun - they've been presenting to institutions since monday, so it would be fairly safe to assume this float won't be available to the public.
Bringing larger insto's onboard will bring with it more stability and also a broader public exposure, both valuable commodities that will ensure that RWD continue to be successful.
RWD's march has been smooth and steady, unlike MAK's which has been quite sharp with several large dips - this indicates to me that I'd rather be in RWD's stable than MAK's at this point in time.
Again - DYOR and don't blame me because I'm the financial village idiot.
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Hey d-crome
I agree, the placement will no doubt be done to institutions etc etc maybe even a major Potash or Agri player, this will help and is in my opinion helping get the word out on RWD and its Potash Project
It looks like its drawing lot of positive attention to RWD as it appears to have broken out above $2
Racing towards Tech target, where are ya Techie? A new chart would be nice
I agree, the placement will no doubt be done to institutions etc etc maybe even a major Potash or Agri player, this will help and is in my opinion helping get the word out on RWD and its Potash Project
It looks like its drawing lot of positive attention to RWD as it appears to have broken out above $2
Racing towards Tech target, where are ya Techie? A new chart would be nice
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YT mate - definitely on an uptrend at the moment, I do believe that the RWD SP will match that of MAK within a month or less and will then exceed it.
If you look at the amount of PR that RWD has issued and the performance of the SP (i.e. ONE announcement and a consistent climb) compared with MAK (near DAILY announcements providing a rapid SP rise yet now a sideways trader) RWD is really starting to shape up quite nicely.
Now if only my other stocks would behave as well as RWD *cough* MXR *cough* lol!
If you look at the amount of PR that RWD has issued and the performance of the SP (i.e. ONE announcement and a consistent climb) compared with MAK (near DAILY announcements providing a rapid SP rise yet now a sideways trader) RWD is really starting to shape up quite nicely.
Now if only my other stocks would behave as well as RWD *cough* MXR *cough* lol!
tech/a
No Ordinary Duck
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Courtesy: The New York Times
The Food Chain: Fertilizer Crisis
http://www.nytimes.com/2008/04/30/business/worldbusiness/30fertilizer.html?_r=1&hp&oref=slogin
Video @...
http://video.on.nytimes.com/?fr_story=2ac5e89ebe7db83e09a79a59e7eef7bf21aafa0c
The Food Chain: Fertilizer Crisis
http://www.nytimes.com/2008/04/30/business/worldbusiness/30fertilizer.html?_r=1&hp&oref=slogin
Video @...
http://video.on.nytimes.com/?fr_story=2ac5e89ebe7db83e09a79a59e7eef7bf21aafa0c
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Worldwide Fertilizer Consumption Demand is on the increase...see the attached file for a World schematic.
A few people have been discussing the consequences of a reduction in arable land. The NY Times article points to increased desire for efficiency to generate higher yields, a direct result from increasing fertilizer use across developing economies.
A few people have been discussing the consequences of a reduction in arable land. The NY Times article points to increased desire for efficiency to generate higher yields, a direct result from increasing fertilizer use across developing economies.
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Tech/A,
as much respect as I have for those with the ability to do chart tech analysis - with the amount of hype and fundamentals the agriculture/food shortage issues are experiencing currently I really don't believe RWD can be accurately charted at this point in time.
If people want a "crystal ball" I suggest they go over to the MAK thread and go back about a month and read the comments throughout, there was no accurate way at all for technically based analysis - MAK was the little engine that could and would always baffle those trying to guage future progress via chart analysis.
RWD is following MAK's lead in near everyway at this point, which to me really makes RWD a no-brainer.
Again - DYOR!!
as much respect as I have for those with the ability to do chart tech analysis - with the amount of hype and fundamentals the agriculture/food shortage issues are experiencing currently I really don't believe RWD can be accurately charted at this point in time.
If people want a "crystal ball" I suggest they go over to the MAK thread and go back about a month and read the comments throughout, there was no accurate way at all for technically based analysis - MAK was the little engine that could and would always baffle those trying to guage future progress via chart analysis.
RWD is following MAK's lead in near everyway at this point, which to me really makes RWD a no-brainer.
Again - DYOR!!
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Hey Spineli
Thanks for the info, hope you don't mind but I'm going to borrow it and put it on GCR, you guys may want to take a look at it, its a very cheap Phosphate player with a 500Mt resource
d-chrome thats a afair point, I guess its hard for charts to account for future stuff like insto's getting in etc etc
Still I am interested to see how close tech's chart is, he's very good if not the best on ASF
Thanks for the info, hope you don't mind but I'm going to borrow it and put it on GCR, you guys may want to take a look at it, its a very cheap Phosphate player with a 500Mt resource
d-chrome thats a afair point, I guess its hard for charts to account for future stuff like insto's getting in etc etc
Still I am interested to see how close tech's chart is, he's very good if not the best on ASF