RDN raiden resources limited

Ann: Trading Halt, page-74

  1. 1,623 Posts.
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    Hi all. My 2cents.

    I mean, my 1.5cents.

    There was no leak. These days it's too easy to track sellers and related parties.

    As reported these will be holes 013 to 025. No visible spod reported for holes 013 to 024. Only thin and deep for 025.

    Hence, no TH on Tuesday when the assays were received (or Wednesday). Takes half an hour for the company to flip through them, I expect they are less than spectacular.

    This TH was prompted by the ASX query and response.

    Hence, the announcement is for "exploration results". I expect the assays, but to soften the blow, a lengthy update on the latest drilling at TA7, probably showing more peg intercepts cross-sections (pegs - so what?) and maybe some of that thin weird looking visual spod coming to near surface below cover up dip South East in the valley.

    I think the big rise on Wednesday was FOMO probably an orchestrated pay day/exit for the algo/pip trading accumulation over the last weeks at 1.0c and 1.1c designed to coincide with (before) the results due this week - as others have called it another "dead cat bounce".

    Hope I'm wrong.
 
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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
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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