RDN raiden resources limited

Ann: Significant pegmatite system intercepted at Andover South, page-191

  1. 6,533 Posts.
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    One thing stands out to me like the proverbial. That recent huge daily volume for a week or two, which progressively dragged the share price down into the 2's , was not all due to raising funds for option conversions . The daily notices of option conversion volumes was far less than the volumes being sold day to day. So it was net selling, rather than being mainly a 1 to 1 sell the shares to pay for the conversion. Make what you will of that, but in my case that was a distinctly red flag. Significant "net" unloading was happening. I posted that comment several days back and based on that I reduced my holdings considerably but kept some. Basically a "risk off" take on things.
    As to the results anounced today, nothing is yet certain. Might turn out okay in the long run, might not. I now mainly hold ERW, at least from field work we know ERW have a stacked pegmatite system based on surface observations, moreover these look somewhat more directionally aligned to the AZS most westerly pegmatite swarm
 
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