RDN 4.00% 2.6¢ raiden resources limited

Daily Discussion, page-4072

  1. vmp
    13,617 Posts.
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    We don’t know where the sp will be, the drill results and price of lithium ultimately dictate it for those in here for the long haul.
    Would be ice for kmp’s to be buying at these prices. However they’re on meager salaries and fees. So that’s their investment in here, they’re not pocketing the cash but put it on testing the target and on drilling program.
    So we have
    -frugal management getting pennies and waiting for the right time to receive rewards
    -cash in bank is decent for the progress and early phase
    -focus on lithium
    -safe and location with infrastructure
    -proactive management
    -quality portfolio with multiple projects/prospects
    -potential as a takeover target

    imminent major drilling action

    I wouldn’t hesitate selling out if it were not for the above and not for concerning stupidity like actions of mgmt in lke (selling their stake) and sya (selling to piedmont at a fixed price)
    Last edited by vmp: 27/12/23
 
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