Here’s the thing
Yes he got burnt on RDN 7.3c
or
He sold at 5.1c thinking it will drop to 4.1c
Now
Why do people worry about the SP
On a stock like RDN which traded at 1c went to 8c now 5.4c
Management has already said that they are very excited about the lithium tenements..
and are equally excited about partnering their other assets
so
Why worry about the sp you bought 7c /5c
Does not matter
As long as your in::
The end game is that it could go to >$1 very quickly
Why
SP is governed by future earnings..x eps .. say x10
One is looking like FMG…
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $13.80M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $102.6K | 21.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 37942227 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3127553 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RDN (ASX) Chart |