RDN 3.85% 2.5¢ raiden resources limited

Ann: Sale of Majdanpek West project for $300k and a royalty, page-2

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  1. 302 Posts.
    lightbulb Created with Sketch. 152
    Good to see this continuing!

    What I have been saying should be happening for a while! I am glad that Dusko is making the right moves at last!

    The company entered into a binding agreement with Konstantin
    Resources Limited regarding the sale of its 100% owned
    Majdanpek West project in Serbia.

    • Key terms include:
    ▪ $300k payment in stock or cash payments to Raiden
    ▪ Raiden retains a 1% NSR over the project area
    • Company advances negotiation on the divestment of other noncore assets in Europe and Australia

    With this in mind, it seems to be a waiting game till the value of this company is realised by investors.

    Any investment is risky! DYOR!
 
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