It seems like this share is going back on sale.
It is very daunting for those who bought recently, but for us long-term accumulators, we see opportunity repeatedly.
Here are a few key things why I believe the SP is dropping:
- The lithium market is taking a beating, but I personally see this levelling out. Lithium is still valuable. Currently, there is an ample supply due to every person in the game mining and selling it as quickly as possible.
- Holders will unfortunately panic sell into this, which is a shame to see, but everyone has their own risk management
- A lot of holders have bought in with the expectation of constant news flow, which has not happened. This is not a bad thing and requires patience. I, for one, will not sell a share till we get our drill results published to the market. You would be mad not to.
- Day traders will take their profits.
All of these things don't really materially represent the value of RDN except for lithium prices. But what a lot of investors are forgetting is the value that is held in Mt Sholl. This alone, not taking into consideration lithium, is enough to support the SP at $0.04 - $0.05. On top of this, we have our gold productivity, and the lithium projectivity is a massive bonus on top of all this. The last three issues will sort themself out once news starts flowing.
GLTAH & DYOR!!!
- Forums
- ASX - By Stock
- RDN
- Daily Discussion
Daily Discussion, page-892
-
-
- There are more pages in this discussion • 7,083 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDN (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.81M |
Open | High | Low | Value | Volume |
2.2¢ | 2.4¢ | 2.2¢ | $19.50K | 858.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1501424 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 507087 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1501424 | 0.022 |
11 | 8294316 | 0.021 |
14 | 3483977 | 0.020 |
12 | 4815526 | 0.019 |
7 | 2704000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 507087 | 4 |
0.024 | 3208344 | 6 |
0.025 | 1439017 | 8 |
0.026 | 1507748 | 5 |
0.027 | 988214 | 6 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
Featured News
RDN (ASX) Chart |