Australia's largest stock trading and investment forum Australia's #1 stock forum

RDN

Click for more information

9.52%

3.8¢ raiden resources limited

Ann: Raiden enters strategic partnership with FQM at Mt Sholl, page-104

First 104 Last

Share
Profile

Follow
mvc

2,921 Posts.

294

13/12/23

16:36

Post #: 71430916
Share

Originally posted by mode1971: ↑

Mvc,

This deal is very good.

For fqma to get to 70%

They need to spend 38.5m and pay Rdn 10m.
Total 48.5m for 70%

Values Mt sholl at 69.28m worst case.

And Rdn retains rights to the gold and lithium there.

The bonus is the 3000m of drilling and surveys at due diligence, whilst Rdn still will have 100%.

The stages are over 8 years.

Does not mean fqma would take that long, they could belt the exploration in half that time.

I'd rather Rdn gets 30% of Mt sholl and saves 38.5m spend and pockets 10m cash.

If we look at what Rdn paid for Mt sholl and there spend, this deal makes them a very large return with zero risk now.

Expand

RDN Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 72 more messages in this thread...

First 104 Last

Add RDN (ASX) to my watchlist

(20min delay)
Last 3.8¢		Change -0.004(9.52%)		Mkt cap ! $103.1M

Open	High	Low	Value	Volume
4.1¢	4.2¢	3.8¢	$444.7K	11.09M

Buyers (Bids)

No.	Vol.	Price($)
17	4464958	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	2155568	14

View Market Depth

No.	Vol.	Price($)
13	3448643	0.038
5	2918500	0.037
7	1089694	0.036
11	1635561	0.035
5	825000	0.034

Price($)	Vol.	No.
0.039	2155568	14
0.040	1901202	8
0.041	1386073	4
0.042	827723	6
0.043	570193	6

Last trade - 11.12am 05/06/2024 (20 minute delay)


Last 4.0¢			Change -0.004 ( 6.98 %)
Open	High		Low	Volume
4.2¢	4.2¢		3.8¢	11984609
Last updated 11.31am 05/06/2024 ?

RDN (ASX) Chart

SPONSORED BY