Ann: Quarterly Activities Report for period ended 30 June 2017, page-20

Maybe it's as simple as that no-one (except us idiots) are prepared to invest (finance) or do business (offtake or JV) with a public company that is run as a fiefdom.

The micro tenure of Gary Lethridge may be the best indicator of the veracity of the above theory.
He started with Helix Resources as non-executive chairman 3 weeks before starting at RWD & is still at Helix, so it would suggest that health issues can be ruled out as the reason for his rapid departure from RWD.

It seems that features of companies under the same 'guidance' as RWD are, rusted on boards & senior management & 'going nowhere' share prices ......

Just a coincidence ??? .... maybe .......