RWD - Reward Minerals

Any idea how much cash these guys have on hand at this moment in time?

I have that feeling that I've missed the train in the 1.30's so I'm assuming that they'll do a cap raising with the immediate rise in SP to cash in on the current sentiment - much like MAK did @1.5.

Hey D chrome,

re Cap Raising I doubt it mate, as at last qtrly they had $6.08m in the bank of which $300k was earmarked for expenses/exploration etc

But they have had $320k worth of options exercised

So Bank = $6.08 + options = $320k - Expenses = $300k

Net = $6.1m

So even after exploration costs their net cash position went up!

IRC is a mjor shareholder of RWD and I have a feeling the Michael Ruane who sold some shares on mkt to then exercise options may be doing that again today,

Its a smart move as IRC nets some money and so does RWD, however once this is over with I reckon it will be like having a lid or overhang lifted and the RWD price shoul respond accordingly

YT - cheers for that.

I think I'll have to wait for the yanks to realize that their market is doomed again (should be friday I'm guessing) before I make an entry.

Always laugh when you see Wall St focusing on the tiny silver lining and completely disregarding the monster grey cloud like they did today!

YT - what will be their future exploration and extraction costs? Where will their funding come from?

Mate read back a page,

I posted a pic/extract from company ann, its outdated and based on old much lower prices

I think they said 50:50 debt/equity funding

Cheers

Well I'm in - I'll pay a small premium at this stage for what looks to be a really good investment in a resource we're depending upon more and more.

Early trading today indicates that the rise has attracted the interests of those "Ghost" traders - a large 150,000 unit buy was listed @ 1.73 but was "magically" pulled before opening.

More interest the better I say - hope this little guy is the true "Mini-MAK" it's cracked up to be.

Posted this in the MAK thread.

However, very relevant for Reward as well.

One for the fertilizer buffs.

57 pages

Current World Fertilizer Trends & Outlook to 2011/2012

ftp://ftp.fao.org/agl/agll/docs/cwfto11.pdf

Good weekend reading.


Cheers markcoinoz

Bare in mind that this report has become obsolete given China has changed its export role.

The updated version will be the real nail cruncher.

Cheers markcoinoz

Very interesting reading Marco, thanks

Isn't China going from an exporter to an importer for fertilizers? I remember reading that somewhere,

Its amzing how much of demand comes for Asia, my guess bulk from ChIndia!!!!!!!!!!!!!!!!!!!!!

I'd say the mkt still is getting to understand the importance of fertilizers going forward

Agree 100% yt
Have a read of this except from this post (commodities tipped to collapse)

Below is a fantastic read that someone posted from another forum.

Source Southern Cross Equities

According to an excellent report titled "Preparing for China's Urban Billion" by The McKinsey Global Institute (McKinsey & Company's economics research arm) China's urbanisation will lead to the following.

350 million: will be added to China's urban population by 2025- more than the population of today's United States.

1 billion; people who will live in China's cities by 2030

221; Chinese cities will have one million + plus people living in them- Europe has 35 today

5 billion; square meters of road will be paved

170; mass transit systems will be built

40 billion; square meters of floor space will be built- in five million buildings

50,000; of these buildings could be skyscrapers- the equivalent of constructing up to ten New York cities.

5 times- the number by which GDP will have multiplied by 2025.

It's worth noting that MGI's work is completely independent and has not been commissioned or sponsored in any way by any business, government or other institution.

Just have a think about some of those numbers above. 2025 is only 17 years away. If these forecasts are even half right the ramifications for the Australian resource sector and Australia are enormous. I realise we are in an equity market that currently can't see past tomorrow, but just consider what the ramifications of China's urbanisation could be. Remember, we are at the infancy of that urbanisation right now, not the end of it as the equity market wants to believe. Where is the raw material supply going to come from to meet China's ambitious urbanisation and GDP growth goals?

No wonder the talk is now Beijing is preparing to take a stake in BHP Billiton. Personally, I am surprised it has taken them this long to turn up on BHP's register.

Im a big supporter of both RWD and MAK, with these sorts of numbers projected for the urbanisation of china demand for food and food related items will go thru the roof imho, lets also not forget India
The beginning of the agricultural super cycle has just started.
The mineral boom for aus has a long long way to go imho

I posted this on another less well versed forum and was wondering if there's any feedback here at ASF:

I was wondering if it would be helpful to start a thread to literally stand these two stocks comparatively and see ultimately if they're as similar as most believe.

What is the benefit of Potash over Phosphate? IS there an advantage to either?

What's the comparative difference between the DEMAND for both Potash and Phosphate? Which would be the better short, mid and long term prospect?

What stage of development/exploration are both companies at?

What level of market saturation/awareness has been undertaken for both RWD and MAK?

What potential issues face both projects? Proximity to infrastructure? Obscure refining techniques?

I know for a fact that RWD has a JORC, does MAK?

I think it'd be rather interesting if holders of both of those with an informative perspective would feel free to illuminate this thread.

As food for thought (pardon the pun) with this massive fertilizer "boom" I believe most have overlooked the OTHER most important resource required to grow a crop - WATER. Given the climate change we're all experiencing and the way that some superpowers on this earth do NOT regulate the aquifer draw-down the breadbaskets of the US and China will both be suffering rather large water shortages in the coming years. Thoughts? A note - Aquifers take tens of thousands of years to create, and without careful monitoring and recharging, these rich resources of water can be depleted in a matter of decades.

Maybe this should go under a commodity topic as well ie Phosphate v Potash

I read an excellent report on all agri commodities awhile back I think it was from someone who put a link on RWD thread, I'll check

Wait just saw it,

ftp://ftp.fao.org/agl/agll/docs/cwfto11.pdf

A big thankyou to Marco!

p.s. if you can't decide between Phospahte and Potash why not have both with STB : (its an early stage explorer and projects yet to be granted, its low mkt cap takes into account its spec nature though)

Looks like a breakout to me above $1.70, trading at new highs on good volume

But perhpas its best for a chartist/techie to confirm this with a chart, pretty please

Trading this myself YT.
From todays breakout.Good volume but likely to pause.
Dont like AGETS wave count but I'll trade VSA.
Being a techie.R/R's good--if it gets there.

That would certainly be nice if it hit your target of $2.60

$1.75 was an important level as that is where the recent VERY CONSERVATIVE valuation had a buy target of

The fundies support price of $2+ and if the tech suggests it may get there then well surely our chances are good

YT

Thats $2.86 ish.---Target.

The 2.618 is a fibonacci level.
The coming few days will be telling on future action however there is much to tell from where its been.
If you look at the bars before the breakout you'll note that volume decreased after a buy surge.This indicated no supply and as such price was supported.
The breakout then took off well as there were few sellers.
Sellers returned to the market at $1.86 I noticed.

Word on the street is that RWD doing a roadshow this monday in melbourne and tues/wed in Sydney. Should bring some good insto support to this relatively unknown agri stock. Might lead to a placement maybe but wouldnt be a bad thing IMO- this company needs promotion. I expect positive movement over coming weeks. If an into decides to buy up sp will move fast due to illiquidity.

Hi people,

I posted this also on the MAK forum.

Here is the Fertiliser report for this week.

http://fertilizerworks.com/fertrepor...ket-042408.pdf



for the week beginning thursday 24/04/2008

DAP fob Tampa (metric tonne) $1,216.25
DAP fob Central Florida (short ton) $1,011.25
DAP fob NOLA (short ton) $996.25

Urea (Prill) fob Yuzhnyy (metric tonne) $545.00
Urea (Prill) fob Baltic (metric tonne) $521.75
Urea (prill) fob China bulk/bagged (metric tonne) $606.25
Urea (gran) fob barge NOLA (short ton) $496.25
Urea (gran) fob Middle East (metric tonne) $506.25

Ammonia fob Yuzhnyy (metric tonne) $480.00
Ammonia cfr Tampa (metric tonne) $550.00

Ammonium nitrate fob NOLA (short ton) $360.00

UAN (32% N) fob NOLA (short ton) $343.75

molten sulphur cfr Tampa/delivered C.Florida ($/long ton) $451.25
solid sulphur - Adnoc monthly lifting price at Ruwais ($/tonne) $670.00


As well i gleaned this brilliant Fertiliser Map from another forum.
Not only the mention of Imports/Exports, it also shows the livestocks of each country.

From the Potash Website.

http://www.potashcorp.com/media/flash/world_map/



Cheers markcoinoz

Synergy would drive a deal if capital is needed, though others post the apparent lack of current need.

Point of note for any possible predators/partners, the Shaw stockbroking report further back in this thread puts costs at $223 per tonne, $100 labour $100 transport $23 royalties. The note about backloading explosives must appeal stongly to any companies with operations in the region,that is Newman, that is BHP, and while on the starting rumours/speculation trail, what about Dampier Salt (RIO), parallel expertise, similar economics on transport. Shame the largest shareholder holds a stake similar to that pesky Mr Forest, whom I'm sure would also be in line to stick it to the majors in what would be a move sure to make him look smart, anyone know if Mr Michael Ruane has a grudge against the majors?

RWD on a breakout today?

up at 1.93, I think thats the highest its ever been?

Anyways, looking good today, even MAK is up today after a week of going down.

With today's announcement RWD have clearly alerted the market that they indeed have a large resource of a high demand commodity.

RWD is about to reach the same highs that MAK is currently experiencing. MAK have been flooding the market with announcements, the SP of MAK elevated at the same rate at which announcements were issued.

RWD reached a high of 1.86 with NO market announcements. RWD also have a head start on MAK in regards to proved resources (JORC) - thus it does reason that if MAK got as far as they did, RWD SHOULD exceed MAK in the very short term.

Again - DYOR - I'm certainly not a broker!!

Congrats to all the holders, things are indeed looking good.

It should be noted that given the market presentation and rise in SP, a stock issue is imminent IMHO....