ERW ground has been valued as worthless, just as RDN's currently is. RDN is almost valued at cash backing, so the market is sending a clear message to the company that lithium is well out of favour, to the point even miners with large reserves, a plant and operating mine cannot make a profit.
RDN has a large stash of cash which needs to be put into a prospective project such as gold, silver or copper in WA imo. Farm in on a later stage project held by a cash strapped junior that can be monetised through a toll treating agreement in short time. Or acquire a project outright if in the right location.
Time to pivot whilst they still have enough cash to leverage off. ERW was forced to change, RDN should choose to.
RDN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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