Daily Discussion, page-6055

I think we might see another big share price movement like last year as RDN gets hype and we get heritage approval. However I think that a lot of people bought into RDN (myself included) in the 5c-8c range and have been holding RDN in the red for months. I could see a lot of people cashing out once they break even or their position goes into the green so we might see another fall in share price once it goes back towards its historic high.

Posters saying RDN will be 30-40c if it finds lithium, I'm not sure I agree. That would be an insane valuation of the company. I think 15-20c is a bit more realistic.

Fingers crossed we find lithium. The ASX is littered with the bones of failed nearology plays and there is no certainty that we even will find lithium.

I'm thinking of potentially cashing out once we bounce back and trying to buy back in if the share price falls between heritage approval and drilling results.

Also does anyone know how long drilling results will take once we get heritage approval?