Ann: Pre-Feasibility Study Update, page-7

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Panda7

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15/04/18

09:11

Post #: 32461963
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Originally posted by Monny ↑

Unfortunately this has been years in the making, yet wreaks of last minute jostling.

We've learned recently a key advisor was found wanting in the RWD PFS process and replaced, obviously significantly impacting and delaying the PFS process last year - yet not a muttering from the Board or management.

But of course this is the company that has talked big year after year with hollow boasts and instead delivered its flagging stakeholders donuts. Make no mistake, management and Board are responsible for this share price and poor company standing. No one else.

Then a new upstart in the industry delivers a level of technical foundation (and proceeds to deliver a PFS of commercial significance and approach not seen in RWD's or many other peers activities). This included bringing specialised German skills to the table. Suddenly RWD (and others!) are following in a conga line like fashion....when was this German skill set brought in by RWD? Why are we only hearing about this now that the PFS is delayed beyond promises made by board reps only weeks ago. Why no mention then?

Suddenly we get statements like "inordinate level of detail" as if again RWD is somehow going to be bigger, better and dare we say it, an industry "leader".

Irrespective of what this PFS's "inordinate" contents, the telling factor will be the comments that suggest when and how RWD will ever commercialise this resource. The hollow talking time is over because if Kalium (or someone else) does get to start construction later this year on their project, then they will have production potentially late in 2019 and have stolen a huge advantage in domestic markets and distribution.

"Inordinate" levels of detail will need go beyond the idle talk and refer to project DELIVERY! And of whatever size they can as at least something will be a start.

Oh yeh - and then comes the need to convince some investors ...somewhere....somehow.... that RWD (board & management) can suddenly deliver where they have failed for so long - because now we need do a capital raise because we are running low on cash!!! (How much of a discount will those investors get on an already flagging SP?!)

Sorry Panda, why would anyone buy Monday when they can get a discount in a couple of weeks time IF management can actually earn some credibility?

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Why would anyone buy ? Tier 1 sop deposit with a completed PFS...things are slow but they are ticking along. If you don’t like it take your money over to Kaliums boutique operation...

RWD Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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Ann: Pre-Feasibility Study Update, page-7

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