RDN raiden resources limited
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Pl,Cap is now 24m.They had 18m cash when last...

  1. mode1971
    6,114 Posts.
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    14/01/25
    12:01
    Post #: 77395983
    Pl,

    Cap is now 24m.

    They had 18m cash when last announced.

    Drilling, admin, assay expenses etc. Probably 2.3m the last quarter.

    So cash approx 15.7m. 24m cap - 15.7m cash equals 8.3m EV

    So today ex cash we get my scholl, arrow, Andover, decent overseas gold asset for 8.3m.

    Presently 65% of raidens cap is cash.

    Going back in time when raiden was around 0.3c pre Andover, EV was 4m.

    But little, cash then. The other difference is risk.

    Mt scholl and arrow are Jv, so exploration liability is removed from raiden compared to then.

    So overall little exploration liability for the approx 15.7m cash.

    Now if raisen did go to 0.6c. It would be capped bellow it's cash backing.
    Last edited by mode1971: 14/01/25
    RDN Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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