I'm going to do a shot every time JarJar says "red flag".
If a fully subscribed $10m raise to expand a drill program is a 'red flag' then paint me red and run me up the flag pole. Completely yet to articulate why the raise is a negative.
Also, if JarJar has only just now come to the realisation that mineral exportation companies are speculative investments then I'm not convinced they did their due diligence on the way in, over leveraged themselves, shat their pants and needed to scale down his investment. The problem for them seems to be they didn't understand the risk at the time of investment, rather than any new developments causing any concern.
Objectively, the sentiment for this stock needs to be 'buy', it just is. Now if you didn't understand the trade, overleveraged yourself and need to sell to rebalance the risk in your portfolio, that does not change the sentiment to sell.
RDN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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