Ann: Pre-Feasibility Study Completed for Mackay SOP Project, page-163

Panda, you really have become very bitter over the past 12 months. It’s quite sad.

You are happy with your holding in RWD so we get you don’t like AMN. That’s fine as that’s what makes a market. Why not give it a rest and focus on RWD and understanding why it’s trading sub 20c. Focusing so much on a stock you don’t own makes no sense at all.

I have a small holding in RWD that I picked up in the past 6 months (on valuation grounds) but seriously I am concerned about the company. My holding is very small so not enough to be a worry. But you should ask MR what the strategy is going to be going forward.

Whether you like it or not, the market cap today is a significant issue for shareholders in moving the project forward. RWD know this. Talking about project risk, RWD have the greatest of the 3. They essentially need 15x their market cap in capital.