RDN raises $5m and relists on the ASX on Feb 22nd 2018
$5m was raised at $0.02
Current share price is below in the initial IPO, and seems to have found a base/floor at $0.014, however the sell volume has thinned right out, there is not much volume on offer for sale sub $0.02 and when it is offered it is quickly bought up.
Low number of shares on issue and a tight capital structure. News / results due in September regarding their maiden Diamind Drill program on the Stara Planina tenement, where RDN have already confirmed earlier that Cu/Au mineralisation exists on the tenement. Update on the helicopter survey from JV with Rio Tinto due anytime time now as well.
There is not much downside from here IMHO, however this could move up quite quickly if the drills hit some Cu/Au at Stara Planina
IMHO, DYOR!!
GLTAH
Ann: Raiden Board Appointment, page-9
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2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $76.12M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 3.0¢ | 2.8¢ | $190.9K | 6.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 3012806 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 249635 | 1 |
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