Ann: Chairman's Address to Shareholders-RWD.AX, page-17

Point 1. Not talking about capital raising. I would have thought that brokers would have been recommending RWD as a bottom drawer or SMSF investment to their individual clients if they believed in the story/management/sector.
Now clearly there is nothing wrong with the sector & the story seems to make sense .... so join the dots !

Point 2. The company has known the brine profile for almost a decade & have done various test circuits of different scales. If they are still appreciating the nuances I would suggest a new industrial chemist need to be given a look in. Maybe that's the problem .... maybe a Phd chemist is more inclined to thinking about how to extract an extra 0.001% from the process rather than getting on with actually producing something ie chasing the self gratifying 'elegant solution'