Ann: Raiden defines high-grade lithium pegmatites at Roebourne, page-16

Hello. Yes, RDNOA look OK for a long term gamble at 0.3 cents (rather than a short term trade), with expiry date of 30/11/24. Obviously a current capital raising is required. Not only will RDN likely be out of cash by 30/9/23 but their last balance sheet shows $686,439 in payables vs $194,722 in receivables. I would guess $2.4M capital raising at 0.6 cents is imminent. For me, today's announcement sounds a little discordant with large scale pegmatite field but only 3 noteworthy rock chips from 20 samples, where most of the rockchips sampled zero lithium.