RDN 0.00% 2.8¢ raiden resources limited

Bruhaccount,Cap raises are bad when a company needs money to...

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  1. 5,776 Posts.
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    Bruhaccount,

    Cap raises are bad when a company needs money to keep going.

    But Raiden has 5m already in cash, plus 6m due from option convert.

    With this 10m cr, they will have around 21m.

    Plus up there sleeve, vendor shares they ain't issued yet.

    I suspect, held for a cornerstone investor at a much higher price.

    This cr is a good thing as it will allow them to really belt alot of holes down.

    The thing I hate the most with many explorers, is they get these tenenents and do 1500m, 3000m or maybe 5000m.

    Then nothing as there out of cash.

    With 21m, rdn can easily do 40,000m.

    That is a heck of a lot of exploration.

    There are alot of pads preped here.

    If this cr was bad, I'd be the first to be critical.
    Last edited by mode1971: 10/10/24
 
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