RDN 3.23% 3.2¢ raiden resources limited

Daily Discussion, page-3191

  1. vmp
    13,175 Posts.
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    Firstly thanks to all the guys who shared their comments about the agm


    Jim, whilst it sounds smart to JV mt sholl or realise some early benefit for shareholders, I understand from mode1971’s comments that the deposit has only been touched in the fringes. It might be better to focus on lithium and once the sp rises say 10-15c, do a decent raise to fund further drilling of mt sholl. If its size increases significantly, it will be a very prized asset. With esti value of $120m at present, id like to think it’s helping to justify rdn’s valuation. However in reality, the market seems buying in for the AS. Therefore, when mt sholl is drilled further, the market will be forced to attribute value to the project and gives rdn two turbo engines that’s nickel on top of the lithium. At the moment when people ridicule a certain share price possibility, they’re forgetting mt sholl, they’re forgetting arrow and tabba tabba. They’re forgetting azs wc8 Ltr and pls which were mostly 1c but now in 90c to $4 range. 50 baggers should not be discounted but it takes time, or does it? How long did it take wc8 azs and wa1 hit baggers after baggers?


    all imo
    Last edited by vmp: 23/11/23
 
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