Comparatively speaking, when Azure produced their rock chip samples, it was trading not far from a record low.
Raiden on the other hand, at the same stage of exploration, is already a multi-bagger.
So it would seem the market has already factored in success with Raiden (due to what happened with Azure) but one cannot ignore the immense downside if they now fail to deliver.
One also should not overlook the lithium oversupply scenario, that would confront any prospective producer.
Makes me wonder if these Andover lithium plays (including Azure) are within one of the biggest bubbles of all time - not that any of you gamblers would recognise it…
RDN Price at posting:
7.6¢ Sentiment: Sell Disclosure: Not Held
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