RDN raiden resources limited

Ann: Trading Halt, page-149

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    On 7 November raiden announced 3500m completed.

    19 days ago. Lab turnaround approx 14 days.

    It was announced on that day the initial batch of 2240m had been sent to the lab.

    Based on timing, the initial batch probably was sent a week prior.

    Based on the 7 November date and 3500m, if the extra 1260m sent to lab around that time.

    The results this week may include the initial 2240m and additional 1260m. For 3500m.

    The initial batch should have, been available around 14 November, as the release is around 27th I bet combined batches

    If so the, results will also include additional zones, outside 1 and 2.

    The sell down I think mainly relates to options, there would have been option holders needing to sell heads to convert.

    Also an effort by big players to prevent option exercising.

    As it stands, I'd not be surprised to see atleast 100m to 150m expire and not be converted.

    The sp fall would have left many illiquid. Esp if options were there main holding.
 
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