Ann: Significant pegmatite system intercepted at Andover South, page-85

The sell-off this morning in Raiden Resources (ASX: RDN) despite the positive drilling results can be attributed to several possible factors:1. Profit-TakingAfter significant announcements or positive results, investors who have seen gains in anticipation of these results might sell their shares to lock in profits. This can create short-term selling pressure.2. Broader Market SentimentMarket sentiment, especially for junior mining stocks, is often volatile and influenced by macroeconomic factors, such as interest rate hikes, commodity price fluctuations, or risk aversion in equity markets.3. Perceived Risk in Resource DevelopmentWhile the results are promising, investors may remain cautious due to:The early stage of exploration at Mt Sholl.The high costs and risks associated with progressing from drilling results to an economically viable mining project.Uncertainty regarding funding for future development or the ability to attract strategic partners.4. Lack of Immediate RevenueExploration results, while positive, do not guarantee near-term cash flow. Some investors prefer companies with established operations and revenue streams, which could lead to selling pressure on Raiden.5. High Expectations vs. Market RealitySometimes, investors have overly optimistic expectations for drilling results. Even solid results might be interpreted as less impactful if they don't significantly exceed previous announcements or market speculation.ConclusionThe sell-off could be a mix of profit-taking, cautious investor sentiment, or broader market trends rather than a direct reaction to the quality of the drilling results. Long-term value in the stock will likely depend on how Raiden capitalizes on these results, secures funding, and advances Mt Sholl toward a viable operation.