yes exactly, I warned of it before the beginning of Nov. The option conversion will put downward pressure on RDN as people sell to convert their RDNOA. Many people held a bit of both, some more weighted on RDNOA and expected drilling and drill results to have been out for months now. Wouldn't have been an issue if that was the case but now with no news and the deadline approaching for conversion, we see RDN being sold.
The fact that RDN is going down isn't the important part, it's the WHY. Your mate jas626 alluded to the results being rubbish and that insiders were aware and were dumping. Scare tactics to try and drive the price lower. Your other mate Jarjar just the same with his convenient meetings with brokers and AZS people.
Interesting
Jarjar Jay1983 jas626
Don't think I'll listen to this Triple J, I'll stick to the one on the radio.
RDNOA impact has another 3-4 trading days max, we might see results by then
RDN Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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