The problem with RWD is it is a company which has taken far too long to get to this point, and has lost all momentum.
Momentum is everything is a competitive market. RWD had their chance and have blown it, unfortunately.
I don't think this company is a candidate to be seriously touted and promoted here on HC as anyone doing their research will know that MR buys and sells frequently, and no-one knows what is in his mind or what the end game is. Over at IRC, we got a head of steam up with the SP, and then found out with a 'major shareholder notice' that covered about a 12 month period that MR had reduced his holding by about 7 million shares. A real momentum killer folks. .
The scenario with the Australian Potash scene could be one of multiple turds I feel. Not just a case of "YOUR company is the turd", "NO - YOUR company is the turd!!". AMN are telling investors everything they want to hear, they have been lapping it up, they have momentum....whether it all amounts to anything: who know. Seems the common denominator is high CAPEX and many, many years until any production occurs. Meanwhile the company badged as 'Australian Potash Ltd' has slumped to 7.5 cents and seems more interested in drilling for Gold.
Good luck to any investors hoping to make money out of Potash in Australia. Seems like the pumpers & dumpers are the only ones with a genuine hope, if they can find some juicy momentum plays that may or may not amount to anything.
RWD Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
