RDN raiden resources limited

Daily Discussion, page-63

  1. 590 Posts.
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    To add to this about the price of the raise.

    If the raise was able to be done @ 5c the difference is 112,500,000 less shares would have been issued.

    Now take that difference in SOI at a $1b MC.

    https://hotcopper.com.au/data/attachments/6542/6542054-75c74ba0deecdc92f9e2227d70c848d6.jpg

    In short, the share price difference at $1b MC between a 3.2c raise and a 5c raise is 1c (or about 3%)

    Personally, I'll take the 3% haircut on the pay-out on successful drilling to get another $10m to accelerate the drilling program. And of course that 3% is not taking into account the time value of money. More rigs should equal money out quicker.

    If you are in this stock for the drilling results and want to crucify management because you might only get 9.7x instead of 10x can you please FRO.
 
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