RDN

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4.6¢ raiden resources limited

Do not forget azure is under takeover. So the chances of failure...

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Resolute7

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17/11/23

00:42

Post #: 70951992
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Originally posted by mode1971: ↑

Mr Long.

Do not forget azure is under takeover. So the chances of failure are zero.

Geez, bell Potter values azure at $4.80 . well above bid.

Rinehart and min resources may ensure a higher bid.

They did with warrego and strike energy.

You have to remember rinehart is broadening her business out of pure iron ore.

Money is no object either. Hancock could easily spend 10b and have change as min res could.

Granted duster drills would be bad for Rdn. But erw to rdns nw have already drilled lithium.

Rdn most likely being on the feeder zone will fall between azure and erw on sucess %.

The outcrops are 1.6km and profound. Ontop the more azure gets closer to Rdn the better there results are.

This goes back to source in south of Rdn, up through there ground, branching ne, nw.

Earlier the same path, but up trajectory for the laying of andover ni and cu.

Most likely nw ne branching south of andover would be upheaval of land at the ni, cu event that created two channels that delivers li later.

You can see this on sat imaging.

The buying today was big pockets. We may see a large holder appear.

If we look strategically, if rinehart wants azure, she will want to also cover any nw strike out of azure into Rdn.

Esp Considering raiden is sub 200m cap to andover 1.8b cap.

That would make both 2b. Adding raiden adds just 10% more spend for all extensions to azure in the south and north.

But not de risked enough. 3 drill hits 50m apart min would do it, if it was my project.

I've run mines and does not need much to go from wondering to being onto a sure thing.

The hardest bit is done. Large amount of chip samples, over 1.6km, upto 3% li. Spondenum confirmed.

Chip samples are pretty accurate if mineral evenly dispursed in matrix, very shotty mineral where bits can break away or have barred pockets not reliable.

Just 4 months ago zero of that was known. Raiden have achieved alot in such a short space.

Someone mentioned andover north. You'd not waste time there, all efforts would be getting andover south mapped and drill ready.

Move in rigs. Then send crew north to map that out.

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Do not forget azure is under takeover. So the chances of failure are zero. - Good Point

RDN Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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Last 4.6¢		Change 0.003(6.98%)		Mkt cap ! $128.2M

Open	High	Low	Value	Volume
4.5¢	4.7¢	4.4¢	$1.006M	22.08M

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No.	Vol.	Price($)
5	636171	4.6¢

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