You summarized what actions do scammer do

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hotcoughper

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05/12/24

16:58

Post #: 76935288
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Originally posted by JarJarDrinks: ↑

1. Capital raise occurred during drilling but before assay results. Management would have seen the cores. Issuing a capital raise indicated lack of confidence as if they knew they hit something good they would have waited for the results and the increased share price (meaning they could have gotten more capital).

2. Although not recommended by the ASX, companies usually release photos of the cores to investors to show that there is visible spodumene. RDN didn't.

3. Changing the drilling parameters to other areas, although could be a sign of them getting a good deposit, when looked at together with the pre-assay results capital raise, it's suspect because it's indicates that they didn't hit anything economical and a looking elsewhere.

4. The SP fell dramatically before the results come out. Perth is small (everyone has a "mate" that knows a "mate") and it would be obvious to the drillers, geos and people on site that there was no visible spodumene in the cores. Rumours spread. A rapid and significant fall in SP is indicative of a leaky ship.

5. The announcement after the announcement about the capital raise was very peculiar as an investor and again was indicative of a lack of confidence.

6. More recently, RDNs management not exercising their options to me is a big red flag as it means that they are not confident.

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You summarized what actions do scammer do

RDN Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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You summarized what actions do scammer do

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