I promised myself I wouldn't post on this chat again, but I need to air my thoughts. Therapy, maybe, but possibly thought-provoking for you.
1. I have held RDN for more than 12 months and still hold;
2. I believe there is a valuable resource sitting in these tenements;
3. That value may take years to be realized depending on too many factors to mention;
4. I actually saw positive news in the ANN today. The traders read a negative news story;
5. This is a crowded trade, with much attention from day traders and short-term thinkers who will do whatever they can to drive a narrative to suit their investment objectives. And so, lately, we have been seeing a lot of volatility and mostly negative volatility;
6. That said, I feel that management has made an absolute mess of this, particularly the CR, the ANNs, and the timing of ANNs vs Option Expiry. I can't comment on Dusko's experience as a geologist. Still, I can comment on his track record as the custodian of an ASX-listed company....the value destruction for retail (and maybe soph) shareholders is noteworthy with reference to the SP. Further, I'd like to understand what risk controls are in place to prevent information leaks. As others have posted, there is anecdotal evidence of information leaks. Everyone in the value chain needs to be investigated by management and sign evidential affidavits should ASIC investigate this. "Jassy," you're the star witness sunshine, so prepare yourself for the S.19 invitational event!
7. With all that said, I see RDN as a TO play from here. It's just too cheap at current prices, and management needs to hand control over to an appropriate company that can realize value for all stakeholders.
8. I think Dusko has a few questions to answer - not at the AGM, but in private with major shareholders.
9. Watch out for an opportunistic TO - the tea leaves are swirling
Just my opinion and views. Do your own homework.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $10.14K | 2.123M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 49375391 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 13826020 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
67 | 49375391 | 0.004 |
33 | 30836763 | 0.003 |
13 | 25357501 | 0.002 |
9 | 32400002 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 13826020 | 15 |
0.006 | 20384648 | 31 |
0.007 | 17701152 | 34 |
0.008 | 11730424 | 11 |
0.009 | 7350000 | 6 |
Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
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RDN (ASX) Chart |