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3.9¢ raiden resources limited

Ann: Trading Halt, page-257

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Gajet

1,787 Posts.

1086

10/10/24

21:42

Post #: 76072206
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Originally posted by mode1971: ↑

Bruhaccount,

Cap raises are bad when a company needs money to keep going.

But Raiden has 5m already in cash, plus 6m due from option convert.

With this 10m cr, they will have around 21m.

Plus up there sleeve, vendor shares they ain't issued yet.

I suspect, held for a cornerstone investor at a much higher price.

This cr is a good thing as it will allow them to really belt alot of holes down.

The thing I hate the most with many explorers, is they get these tenenents and do 1500m, 3000m or maybe 5000m.

Then nothing as there out of cash.

With 21m, rdn can easily do 40,000m.

That is a heck of a lot of exploration.

There are alot of pads preped here.

If this cr was bad, I'd be the first to be critical.

Expand

I’m with you entirely on this. So are a lot of us. Patience and cool heads. I’ve put some on ignore today to drown out the noise.
Good luck. I’m confident.

RDN Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
16 Upvote

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(20min delay)
Last 3.9¢		Change 0.000(0.00%)		Mkt cap ! $109.2M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	55000	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	675986	2

View Market Depth

No.	Vol.	Price($)
3	55000	0.040
2	431546	0.039
2	232000	0.038
3	357027	0.037
8	1106509	0.036

Price($)	Vol.	No.
0.030	675986	2
0.032	100000	1
0.034	902000	4
0.035	1148804	6
0.036	1094857	2

Last trade - 13.58pm 11/10/2024 (20 minute delay)

RDN (ASX) Chart

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