I think the problem that you guys at KLL/APC/AMN have is that you have all made some money (which isn't a problem) but when you look at the numbers there is a nagging doubt about the potential of RWD.
Something doesn't quite add up.
On paper it is easy to be critical of delays, RWD investors don't need to be told this. The location/track upgrade, RWD investors know this.
The problem for you and others is that the project is still going. Not only that, the guy who has been running it has tipped in millions of his own money, why? Furthermore he ran the ruler over many other projects in Australia long ago.
Now that the other projects are at or approaching the scoping stage or putting out presentations, you and your kind are getting irritated when others are suggesting that the claims being made by the companies that you have invested in don't stack up.
The claim made by KLL is a prime example. They are in the process of putting in or have just put in a camp and have started to do some proper drilling which they have thus far not done. They haven't put out a scoping study, yet they claim to be the most advanced project. You can believe this claim if you wish but you are deluding yourself if you think the work outlined in the glossy booklet put out by the East German MOP specialists leap frogs them to the front of the queue. Let's acknowledge that they augered 2-300 holes and sunk 4 cased bores and knocked off a lot of paperwork BUT that wasn't done between when they listed and now. How long did it all that take?
As I said to a poster called Dorey, who is a APC fanboy, please come and tell us when RWD is bullsh^&*ing the market, call it out.
Re your comments about credible pump tests or ponds I assume you either haven't read any of the RWD announcements or simply don't believe them because the company hasn't expressly stated that they were done by "global experts".
Come back to us when KLL has put out a scoping study and firmed up its drilling exploration. We can then have a banter about the RWD FS due out in May.
Cheers
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Mkt cap ! $9.114M |
Open | High | Low | Value | Volume |
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3 | 216107 | 7.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 189708 | 0.100 |
1 | 10000 | 0.080 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.105 | 24000 | 1 |
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0.120 | 32686 | 2 |
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