RWD 4.76% 8.0¢ reward minerals ltd

In all fairness he has done or overseen much of the donkey work...

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  1. 3,933 Posts.
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    In all fairness he has done or overseen much of the donkey work on this project and in doing so has saved its shareholders a lot in terms of dilution. Unfortunately this has impacted on the SP, the small team approach along with the 100 year flood has meant massive time blowouts on the back of the native title stuff.
    I am sure he knows that a change in management is overdue and hence the recent failed attempt to appoint a new CEO. Do not forget that he is the single largest beneficiary of any future SP gains.
    This project is tainted by its own history and the delays but is arguably the most advanced on the ASX despite the lightweight PFS put out by KLL and the hype put out by AMN. It is trading at a massive discount to it's peers and is undervalued by at least 60 cents per share.
    You have to ask yourself, if a high calibre CEO was appointed next week would you rather be holding RWD at 24 cents or AMN at 86 cents?
    Last edited by sevo: 18/11/17
 
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