The market is doing exactly what it would given what this is. Although it is great news for us long term holders, it is not a SP mover. This is a revenue producing structural investment by Raiden and is needed. Unfortunately, given there are now so many market traders and investors who have attention spans (holding time expectations) of 15 minutes or less, anything less than a full takeover with a 1000% share price increase is not good enough. FOMO used to last for quite a while, now if you blink it’s over. Go to the toilet and when you come back the share price has dropped back to where it was pre-announcement. Probably in that time, traders have already taken a fair amount of pip cash. Name of the game I guess.
Folks, if you have a long term hold mindset for Raiden, then IMO this is a solid announcement. Raiden is now well placed to get their drilling done, and hopefully that will be the ignition for this company’s SP to take off. Exciting future I believe. My thoughts. Good luck.
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