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2.3¢ raiden resources limited

Yes, as I said, some investors like the cash to clear first. But...

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MichaelAppleby

243 Posts.

124

28/10/23

15:22

Post #: 70593139
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Originally posted by TrayonRanger: ↑

"... holders in AZS that have sold and are waiting for funds to clear before reinvesting,..."

I know that you qualified that by saying, "Some investors like the cash first ...", but just in case there is the slight bit of confusion, there is no need to wait on funds to clear to trade.

In other words and for example, IF you traded/sold AZS or any ASX:XYZ say on Monday morning at 10:01 and traded/purchased an equal dollar ($) amount including brokerage, of RDN (again, or any ASX:XYZ), shares at 15:59, those trades would be settled T+2. The Monday 15:59 RDN purchase is paid for and settled by the same Monday 10:01 AZS sale.

I've done exactly that with RDN and others.

NB: of course, this is all predicated on the broker having unhindered (in and out), access to the account(s) funds.
If still unsure, check with your broker and if still in doubt, best leave it out, as ultimately, it's on the account holder, not me.

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Yes, as I said, some investors like the cash to clear first. But thank you for clarifying nonetheless.

Usually, Mum & Dad investors wait for the cash to clear out of preference or simply because they don't know you do not have to wait for the funds to clear with most brokers.

RDN Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change -0.002(8.00%)		Mkt cap ! $65.25M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.3¢	$234.3K	9.992M

Buyers (Bids)

No.	Vol.	Price($)
4	703707	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	533862	6

View Market Depth

No.	Vol.	Price($)
12	4147915	0.022
10	2410952	0.021
8	1195049	0.020
1	300000	0.019
2	300000	0.018

Price($)	Vol.	No.
0.024	796829	4
0.025	592656	4
0.026	1223897	6
0.027	824975	6
0.028	850000	2

Last trade - 13.16pm 25/07/2024 (20 minute delay)

RDN (ASX) Chart