Hmmm as much as i hate to say this, this quarterly report looks half decent, company has $16.3 M cash and the sell down looks way overdone, because they actually found a 25m wide zone of pegmatites as well as Li2O mineralised pegmatite intercepts across target Areas 1 and 2.
Now if these were reported 2 years ago the market most likely would have marked RDN up.
Maybe time to grab a position at this level, just on the cash of $16.3m and the fact the company had the awareness to raise the $10m at 3.2 cents,
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.80M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $30.16K | 7.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 49580103 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17688676 | 19 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| RDN (ASX) Chart |