My theory. At this stage raiden has not tested them for me to be wrong.
They have tested 5% of Andover at best.
No real testing south under soils and no testing north under soils.
The posters you mention are in the moment views, they will be correct based on results had.
It is very easy to be correct in hindsight. What is important is will they be correct next time.
At Andover it is to early stage to call it, especially because very little is known about there tenaments, other than a small zone.
The biggest cause for losses is not raiden, but owning lithium shares.
A member posted charts of two companies with decent early stage exploration and both are at bottoms.
If one had bought either they would be in loss greater than 60%.
If we look at core and sayona, you'd be down 80%, yet both have resources and were once market darlings.
Dc posts a rap on lithium weekly and every single lithium stock if you held, you would be in heavy loss.
So our losses on raiden have nothing to do with raidens results.
For one to recover losses on raiden, core, sayona the lithium sector needs to be positive.
The same has occured with the nickel sector, including some administrations.
I hope you get why you are in loss, it's the sector.
When raiden hit 7c for example, everyone was chasing lithium, they dumped it and many chased gold.
I am down on raiden, core and sayona.
Sector's can flip fast because the big money once done with gold, will then target another.
You questioning my intentions is fair, but we are here due to lithium sector and my views are UN tested.
As this is early days we should call this when all exploration is completed.
Only a maiden campaign is done, it did not hit the goods, but it had indicators.
Presently they have enough cash for 45,000m of drilling. Based on last campaign, that's 6x more than it.
For those buying explorers, wether raiden or another. we chase these because when success is had, the returns can be in the hundreds and thousand of %.
So we ultimately are greedy and take on a higher risk profile.
As gain potential is enhanced, so is our losses.
But with raiden, core, sayona and basically all lithium shares, it's not results that cost us money, it's not managment, it's not what a poster says.
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