RDN 5.71% 3.3¢ raiden resources limited

Daily Discussion, page-1897

  1. 262 Posts.
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    Hey holders, interesting interview with the MD on The Watchlist and even more interesting response from some holders.

    I'm not educating or advising how people should invest but i felt like sharing a reminder that you arent gambling at a casino... so don't expect to multi-bag in 1-2 days. In fairness and correct me if i'm wrong but RDN has only just visually seen spodumene. Whilst that is a good start, I sense a lot of expectations that the SP should quadruple in a matter of days even without a drill hole. For context, in 2020 AZS share price was the same for months (even years) with daily volume so low i barely logged in. If their first drill hole is a duster, will you bail because of your expectation?

    I am not criticising, down-ramping or posting negative views. The below comments are simply for discussion purposes.

    It is evident there are billionaires fighting for lithium tenements and the chance (I presume) we are taking is whether SQM/GR/CE triumphs RDN. However has anyone even looked into the geology to examine whether the same grade and quantity of lithium intercepts AZS are seeing can be witnessed in RDN tenements?

    What about the management? Do they have experience in exploring spodumene or is this their first rodeo? I heard in the interview RDN have another lithium project? Before lithium caught their attention, how well were they exploring nickel?

    You could say i'm trying to save time researching but I'm also trying to comprehend why some posters expect the SP to multi-bag so quickly. Maybe i am missing something?

 
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