Here is the current Capital structure of RDN
As of 30 June 2024 there were : - 2,783,243,912
Capital Raising 14 October 24 :- 312,500,000
Total shares on Issue, :- 3,095,743,912
Market Cap = @0.007 = $21,670,207.
So this is an EV of $6m so id expect to see an Ev closer to zero giving a Share Price of some 0.005 given the results.
Note :- when quarterly report comes out end this month, cash could show around $13.5m total so unless management reduce cashburn, with this amount of shares on issue and Market Cap we could easily see lower prices.my target ( 0.005 )
Just my thoughts from above calculations.
Ann: Final assay results from Andover South Maiden Drill Program, page-258
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $13.80M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $102.6K | 21.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 37942227 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3127553 | 4 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RDN (ASX) Chart |