RWD 0.00% 7.1¢ reward minerals ltd

Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-20

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,933 Posts.
    lightbulb Created with Sketch. 46
    What potential plans do you envisage?

    If the project is developed it will need more money than MR has. Management will have to engage partners etc and will need the local market to support the company in the form of a higher SP.
    The other clear alternative is selling the whole project with the DFS available for due diligence. MR has done deals before. He will have a price in mind. This may not represent the very best long term outcome for shareholders but based on what he has historically paid for shares it would have to be multiples of the current valuation.

    I don't know enough about corporate law to comment on delisting the company and the potential ramifications of such a move.
 
watchlist Created with Sketch. Add RWD (ASX) to my watchlist
(20min delay)
Last
7.1¢
Change
0.000(0.00%)
Mkt cap ! $9.114M
Open High Low Value Volume
7.7¢ 7.7¢ 7.1¢ $34.43K 481.3K

Buyers (Bids)

No. Vol. Price($)
4 624456 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.6¢ 500 1
View Market Depth
Last trade - 15.56pm 08/11/2024 (20 minute delay) ?
RWD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.