Clearly not the result holders were after especially after these...

Clearly not the result holders were after especially after these 3 promising announcements, but we need to zoom out and consider the overall Li picture. Sea of red given broader viewpoints on subdued demand. Have topped up a bit more this afternoon in case the wind blows in the short term.

Now for RDN specifically, my quick take on how the 3 anns strategically stitch together:
- 11 Dec - RDN raises $833k through existing ATM facility (via ~12m of total 96m advance subscription shares; ~$6.3m remaining based on 7.5c)
- 12 Dec - RDN spends $3.5m ($1.5m cash and $2m shares) to wholly own Mt Sholl interest (LCT andNi-Cu-PGE) which has intercepted LCT pegmatite mineralisation next door. Further $5m payable to Welcome on decision to mine either LCT or Ni-Cu-PGE rights.
- 13 Dec - RDN enters MOU with FQMA for only Ni-Cu-PGErights, with FQMA sole funding up to decision to mine and RDN retaining a 30% free-carried interest. In first 12 months of DD, RDN receives $250k cash and $1.5m equiv of drilling. During 8 year exploration, RDN to receive $10m in cash. At DTM, RDN has options on how to proceed.

Basically in my simplistic mind, we're pretty sure there's Li at Mt Sholl but need to focus on Andover for drilling. FQMA keen for Ni-Cu-PGE, so let's get the remaining 20% from Welcome, then let FQMA have at it and start digging around for their nickel copper sulphide deposits. If they get a whiff of LCT during their exploration, winner.

Very focussed and deliberate plans being executed by Dusko and mgmt - balancing a great portfolio, finite resources and clear targets.

AIMHO. DYOR.
GLTAH.