RDN 6.45% 2.9¢ raiden resources limited

Tin shed, correct. About 1c gap.The other fella mentioned swap...

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  1. 5,769 Posts.
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    Tin shed, correct. About 1c gap.

    The other fella mentioned swap Rdn to maybe Rdnoa.

    Risk there is tight supply on Rdnoa, also with fence buyers of 5m to 10m shares today on Rdn prices could change swiftly.

    If one did they would want to swap straight away or could get caught out.

    I thought about it. Do not need to as already hold enough Rdnoa, but issue was not enough supply to do it today.

    Ie rdnoa now is 33m bid, 659k sell.

    Risk on Rdno is expiry in a few months with 4c strike.
    When a few weeks out from expiry those option will be worth strike, plus price difference and 0.1 time factor.

    At the moment the time factor is 0.4c, so a loss of 0.3c out of its price.

    So if one paid 0.4, min cost is 4.4c if converted or sell 0.1 near expiry, if not traded between now and then.

    A close call to me anyways compared to Rdnoa as plus 1 year up your sleeve.
 
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Last
2.9¢
Change
-0.002(6.45%)
Mkt cap ! $91.57M
Open High Low Value Volume
3.1¢ 3.1¢ 2.8¢ $674.2K 23.05M

Buyers (Bids)

No. Vol. Price($)
5 3368962 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 776777 9
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Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
RDN (ASX) Chart
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