RWD Peer Analysis, page-125

Pkn and Sevo, I appreciate your commitment to RWD, its commendable.

As someone who simply wishes to see one of these potash projects get underway I really hope RWD pull off something massive. However from everything that is coming through I simply cannot dive back into RWD nor see them producing SOP before possibly one if not two rivals after all these many years of promises.

Pkn you yourself suggested the others were benefiting from passive investors sitting on their hands which was saving these other stocks. Yet compare turnover. This appears an unjustifiable claim.

As for all the scale hooplah, the facts are clear - RWD has used no one of substance with global potash experience and I stand by my question - who is "Strategic Water Management"??? And can they claim any comparison with other global potash specialists or that their estimations fit with any globally recognised standards?

The answer is clearly NO and NO.