This was part of today's NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT announcement. If RDN does not have Lithium where they are located why would they divest their other assets. They know what they have in hand and may not want to be taken over by a low offer, hence they are keeping their cards close to their chest. Let's wait and see. a) as announced on 9 August 2023, the Company is continuing with its strategy of assessing opportunities to divest non-core assets within its portfolio, whilst advancing the lithium potential over its Pilbara projects. As announced on 13 December 2023, the Company entered into a Memorandum of Understanding with First Quantum Minerals Australia in regard to a partnership over the Mt Sholl Ni-Cu-PGE project. The parties are anticipated to enter into a binding agreement in the following months. The Company is also currently in early-stage, incomplete and confidential negotiations with third parties with respect to the proposed terms of any divestment of its other non-core assets. Until the material commercial terms have been agreed, there can be no guarantee that such negotiations will lead to the announcement or completion of a binding agreement. The Company will keep the market informed in accordance with its continuous disclosure obligations; and
RDN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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