RDN 2.94% 3.5¢ raiden resources limited

The Market at this end is very irrational. Its not valued off...

  1. 1,179 Posts.
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    The Market at this end is very irrational. Its not valued off revenue, or assets, or really much that's tangible.

    Its people doing their own peer reviewed analysis, "Oh AZure is worth X, we must be worth X" and then discounting for stage and risk. Usually discounted by 90% at such a stage. Not a whole lot of thought until you see drills and (some) people can start to work out the economics between grades, depth, width, location to transport, services, mines etc.

    Its a hard one to pick at this stage, no one really knows except those that are close to insiders no doubt. Word spreads in perth. Heaps of sharks, retail jumps in late and hands the cash over to insto's that bought early. Then when retail whinge and moan and sell out because they didn't make $1m in 2 months like they heard people did on WA1, LTR, WC8, AZS etc. Insto comes back in when the time is right and scoops it all back up again for a 50% discount, then really makes the cash on drill results.

    Retail then jump back in on the announcement or following days as the cycle repeats.

    Don't be that dummy. Buy early, hold. and if it drops and the news has not changed, buy more. Even $500 invested here this early is like having to invest $20,000 for the same amount of shares if it hits and reaches something like AZS as an example.
 
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Last
3.5¢
Change
0.001(2.94%)
Mkt cap ! $92.98M
Open High Low Value Volume
3.4¢ 3.6¢ 3.4¢ $367.7K 10.52M

Buyers (Bids)

No. Vol. Price($)
2 523948 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 1722947 11
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
3.6¢
  Change
0.001 ( 6.51 %)
Open High Low Volume
3.4¢ 3.6¢ 3.4¢ 8815217
Last updated 15.58pm 03/05/2024 ?
RDN (ASX) Chart
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