Stranger things happen in this Industry my friend. One only has to look at what a good project that gets divested can do for ones share price. Now granted this example I'm going to give is on a whole different level , but you never know how the market is going to view a venture.
So Newmont under its divestiture program sells the Ontario Porcupine mine for $425 million in cash and some shares as well to Discovery Silver Corp.
At the time the deal was announced at end of January 2025 , Discovery shares were around 92 cents and the company was valued at approximately CAD $1 Billion. Its SP is now C$2.66 after being as high as C$2.89 and its current market cap value is CAD $2.11 Billion and up over 200% since the deal was announced. Note DSV was primarily a Silver producer and now has a producing Gold Mine as well. Not bad eh .....
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raiden resources limited
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $6.379K | 1.163M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
80 | 47202276 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 8738785 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
80 | 47202276 | 0.005 |
44 | 37277337 | 0.004 |
27 | 14721999 | 0.003 |
12 | 22607501 | 0.002 |
6 | 29500001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 8738785 | 15 |
0.007 | 18230788 | 37 |
0.008 | 17952464 | 18 |
0.009 | 12678635 | 11 |
0.010 | 19562755 | 14 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online