RDN 0.00% 3.9¢ raiden resources limited

Ann: Trading Halt, page-256

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  1. 1,697 Posts.
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    To me the fact that the raise is done right now....at a massive discount to current holders current SP is Shite. If they wanted to raise more should have been on the back of nice visuals at a higher SP or at a premium. Also shoots the oppies in the back! Holders will be forced to convert now instead of possibly doing a favourable trade on market. Ebs and flows I guess on that front.does not exude confidence on drill visuals at this point in time at all. my guess is they have not hit anything decent at the moment thus raising now while they can. To cover ones bums if they find 0.If an institutional big wig wants in...why do they get the privilege of such a low entry point? Retail doesnt get a look in.We will see in due course.GLTAH
 
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