RDN raiden resources limited

Ann: Andover South Drilling Update, page-1205

  1. 1,637 Posts.
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    Some context.

    RDN raised the full $10M in quick succession which is a miracle for a micro cap further to an expanded drill campaign with AZS staff at the helm.

    There were also no free attaching options, so no easy arbitrage trade. Buyers are holders, that's it.

    Shorts are a non-event.

    Large line swipes at .032c - .036c following the CR.

    RDNOA conversion price pressure always going to be a short term issue.

    Last trading day for these in a few days.

    Algos working hard and making the most of this window of opportunity.

    Broker data confirms fund are by far the largest net buyers and CommSec (retail) net sellers.

    IMO DYOR
 
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(20min delay)
Last
0.5¢
Change
0.001(12.5%)
Mkt cap ! $15.52M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $1.245K 276.6K

Buyers (Bids)

No. Vol. Price($)
54 39489607 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 26077344 43
View Market Depth
Last trade - 11.06am 31/07/2025 (20 minute delay) ?
RDN (ASX) Chart
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