RDN 7.14% 2.6¢ raiden resources limited

Look around why do you think the lithium price is where it is...

  1. 4,414 Posts.
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    Look around why do you think the lithium price is where it is simple supply demand principle.
    Look at LTR ann today their a near term producer of a very large project but are struggling to get to market.
    CXO project started production now shut due to low prices.
    Years of expenditure 5 to six years on those projects proving up resources to get where they are only to be met with a tanking lithium price.
    RDN are so far back in the field of hopefuls.
    ARV have a fully built plant that was a nickel copper producer converted to process gold not once in the 10 odd years had they mentioned lithium on their tenements until about 3 months ago. Blind Freddy would have told you it was there but despite Geos stomping all over the ground for years nothing ever came to light until recently.
    RDN was a busted arse gold explorer who's share price was flagging so what do you do go after the hot sector of the day lithium but bad timing there as not so hot any more is it. Mabe they should announce they have uranium on there projects now that's hot atm.
    When and if lithium recovers in price the producers can and will ramp up to meet demand and near term projects will quickly fill any voids in supply.


 
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