Strengths Ex AXS Geos on site Enough $$$$ in the bank CEO is a Geo, yep can't BS him 4 drilling projects
Weaknesses MC/SOI pointed as too high - they did decrease significantly Oppies conversion leading to more SP dilution once sold - sharks have led retailers to sell, now sharks are attacking sharks. Big buys are still happening, they may sell to themselves. Heads being sold to convert oppies - no more conversion Directors not converting oppies....Well how many shares do they have/need? More conversion= higher SOI. Pick your battle! Early stages of drilling, targets testing Results good but not exceeding expectations? Well it's early stage
Are those real weaknesses?
AS Opportunities CR to strengthen finance and expand drilling to 15 000m Partnerships with Top Drill, ex AZS Geos, lab to fastrack drilling WA supporting sector $$$
Threats AZS being the point of reference and creating unreasonable expectations Delays for results Need to extend drilling program....Why do we only do 15 000m? Li Mkt
Non holders are calling it duster after 5min of drilling...I read somewhere in AZS Ann they drilled up to 100,000m...(Happy to be corrected) yet after doing less than 7000m we are compared to them?!
We wanted pics, we got them. We wanted spod, we got that. We wanted reassurance that no leaks happened, we got that too. All we are asked is patience.
I have a first row seat to witness blood bath between sharks while waiting for assays. I know that no matter what RDN does, it will never be good enough for some.
I do not have a crystal ball nor Geo knowledge to see beyond. But I have time, patience and I don't panic. 1 thing is for sure...if this was a lifestyle company, today Ann wouldn't have happened.
Let's see how far we go.
GLTAH.
RDN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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