Prod,
0.7c is about as low as rdn gets because ev is only 8m.
For vuzel gold, arrow gold, Mt scholl Ni, Andover Li.
That's alot of good ground for 8m and two packages, arrow and Andover are in big find country.
If it did settle to 0.6c, ev then about 5m.
A 5m EV would take us back to pre Andover days and when 1m cash balance, when rdn was 0.3c.
Here 66% of the cap is pure cash.
There is generally insecurity with low cash, most explorers under 25m cap, do not have 16m cash.
Raiden could pick of a few projects on the cheap.
We know lithium is more south, because Errawarra has gotten it se.
Also lithium exists north of Mt scholl on gre land, and gold exists north of Mt scholl resources on raidens tenement.
I'm confident they make a big find on 1 of the 4 projects.
The buyer that bought those shares is smart, investors with money even if on loss, will be adding at bottom.
That way a rise will see them in profit midway between there buy positions or less.
I always average down myself. I am not suggesting others do, but all stocks have bottom and if you can pick it, you do very well in recovery.
Just 1.4c, is 100% and that's still half the last cr 3.2c zone.
If raiden hit lithium south of there last drilling, a few hundred meters south.
They will not be 0.7c, but maybe 7c if very decent widths.
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