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2.8¢ raiden resources limited

Why not disclose how many meters of pegmatites you've...

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OldMon3y

824 Posts.

201

10/10/24

22:11

Post #: 76072446
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Originally posted by mode1971: ↑

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.

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Why not disclose how many meters of pegmatites you've drilled into first, let the SP go up and then do a CR with less dilution?

RDN Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $88.49M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.8¢	$405.7K	14.27M

Buyers (Bids)

No.	Vol.	Price($)
7	2457965	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	810000	4

View Market Depth

No.	Vol.	Price($)
7	2457965	0.028
16	4349603	0.027
14	2451683	0.026
12	2865142	0.025
4	2175000	0.024

Price($)	Vol.	No.
0.029	810000	4
0.030	2370830	11
0.031	2162628	6
0.032	2124853	5
0.033	2201176	12

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