RDN 0.00% 2.9¢ raiden resources limited

Ann: Substantial Pilbara Gold and Nickel Portfolio Acquisition, page-34

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    PGC has agreed to make a strategic investment into Raiden through a $3 million share subscription,
    comprising of the issue of 230,769,230 shares at an issue price of $0.013 per share (“Vendor
    Placement”.

    So who is PGC?

    Your new investors are Tim Neesham, Tolga Kumova, Peter Gianni and Rob Jewson. No strangers to 10 baggers.

    The ground being acquired is likely some of the best in the Pilbara and hosts a range of the same structures that have put DEG on the map. The Millindinna intrusion in the blue on the below map shows the similarities between the DEG and RDN acreage in terms of intrusive structure, the lines in black are the major faults.

    “Gold occurrences in the region are commonly sediment or intrusion hosted and associated with anticlinal axes, particularly where they intersect major fault or shear structures”

    So the neighborhood now consists of
    RDN ~ $45m MC diluted
    KAI ~$130m MC
    DEG ~$1.8b MC
    (others I've not yet had time to plot)

    RDN.png
 
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