RDN

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2.4¢ raiden resources limited

Ann: Heritage survey secured for Andover South Project, page-110

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Rogue Trader2

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07/03/24

20:50

Post #: 72802264
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Originally posted by wrighty64 ↑

Stick with facts on why this is not going anywhere.
Lithium price is in the toilet sending stocks plummeting even producers have shut down those that are running are cost cutting and throttling down on production and expansion the outlook is bleak.
E.V sales the major use of lithium are poor and many big car makers are scaling back output.
The only reason lithium has sunk so badly is the glut in the supply chain most of the end users are hooked in with supply contracts so where is the uptick going to come from?
Expect lithium will one day rise again but when it does all the producers and closed up mines will kick into gear to meet any demand and that will keep pricing spikes to a minimum and it will never return to the ridiculous highs of 70 to 80 bucks a kilo.
There are so many rah rah posters on any of these threads and many others in this space and your all in the crapper because you all only want to hear good news and follow like sheep.
LTR about to become one of the bigger producers this year have already scaled back on expansion from 4 to 3 million tonne production output because they can see the outlook remains subdued in the medium term.
3mtpa coming online and plenty more of these to hit production profiles if and when lithium gets out of the gutter.
So if your an early doors explorer the outlook is dismal and death awaits many in this space, happens in commodity price cycles all the time.

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Ho hum. Another one onto the "Ignore List"! GLTALTH's ( This actually reminds me of the early LTR days! )

RDN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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Last 2.4¢		Change 0.002(9.09%)		Mkt cap ! $65.25M

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