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3.2¢ raiden resources limited

Ann: Raiden enters strategic partnership with FQM at Mt Sholl, page-34

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itsagas

13,597 Posts.

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13/12/23

11:14

Post #: 71421966
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Originally posted by Gajet: ↑

The market is doing exactly what it would given what this is. Although it is great news for us long term holders, it is not a SP mover. This is a revenue producing structural investment by Raiden and is needed. Unfortunately, given there are now so many market traders and investors who have attention spans (holding time expectations) of 15 minutes or less, anything less than a full takeover with a 1000% share price increase is not good enough. FOMO used to last for quite a while, now if you blink it’s over. Go to the toilet and when you come back the share price has dropped back to where it was pre-announcement. Probably in that time, traders have already taken a fair amount of pip cash. Name of the game I guess.

Folks, if you have a long term hold mindset for Raiden, then IMO this is a solid announcement. Raiden is now well placed to get their drilling done, and hopefully that will be the ignition for this company’s SP to take off. Exciting future I believe. My thoughts. Good luck.

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it won’t get to $1 now
Expect the sp to go 7c on open imo

RDN Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $89.90M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.1¢	$602.0K	18.98M

Buyers (Bids)

No.	Vol.	Price($)
27	4107565	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	9936	1

View Market Depth

No.	Vol.	Price($)
26	3907565	0.031
38	5548741	0.030
13	4966240	0.029
18	5984031	0.028
6	1666502	0.027

Price($)	Vol.	No.
0.032	9936	1
0.033	2269376	6
0.034	2300000	3
0.035	4479198	9
0.036	2799785	5

Last trade - 16.10pm 18/10/2024 (20 minute delay)

RDN (ASX) Chart