So what’s their excuse? With such a ‘great’ resource, their performance has been nothing but disasterous for shareholders. A share price lower than what it was 10 years ago? Other project moving forward and rewarding shareholders while RWD goes the other way? Until MR is gone RWD will continue to fail to progress.
At the 20c level there is some value in it. I picked up some stock a month or so ago when it fell back to those levels. I may even top up a few more back at 20c. But the fact is, AMN is moving forward with a good spread of shareholders including funds who previously held RWD (and AMN) and sold out to top up AMN. These guys have a great track record and have a great understanding of the sector. They have been proven correct.
RWD Price at posting:
23.0¢ Sentiment: None Disclosure: Held
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