RDN 3.23% 3.2¢ raiden resources limited

Daily Discussion, page-1021

  1. 5,460 Posts.
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    Xtremel,

    Raiden is still up for 766% from 0.3 over 4 months.

    The problem is lack of news for direction here, nothing more.

    I think will progress up if some more 2% li west and they extend the 50m x 170m peg zone 350m west for 520m.

    That would be a 200% increase in that drill target alone.

    Getting heritage approval would help as that would be a sticking point at the moment also.

    Lithium is still good as wc8 up today.

    Azs, gre, erw all are pending results, like Rdn to progress the area in general. So all might trade sideways a bit.

    Raiden is now 60m cap, minus 6m cash. 54m EV.
    Fair valuation. Certainly not sky high.

    Trade volume is 1/4, 1/5 or less off up peak volume also.
 
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