Hi Snowy84.
My uneducated guess is that FIRB approval will be forthcoming.
Tianqi will only have a 6.9% relative interest in the Andover deposit at this time if it all goes ahead.
ie 23% of 50% = 11.5% but that is only for Azure’s 60% so 11.5% of 60% = 6.9% of the total Andover deposit.
If or when they convince Creasy to sell his 40% Tianqi’s relevant interest would increase to 11.5% and that may be when FIRB approval could be problematical imo.
So assuming it goes ahead for now as is over 1 Billion dollars will be hitting AZS’ shareholders accounts in just over a months time and it is possible and probable that a small percentage of that will be redirected to RDN’s stock which will be huge for Raiden imo.
Finally I wonder how many MD’s of ASX listed Coys worked over the Easter break. Well I know that our Dusko spent his Easter on the ground at one of Raiden’s gold properties in Bulgaria.
Legend.
GLTAH.
Jim.
- Forums
- ASX - By Stock
- Daily Discussion
Hi Snowy84. My uneducated guess is that FIRB approval will be...
-
-
- There are more pages in this discussion • 3,380 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $123.0M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.2¢ | $301.0K | 7.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3507319 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 1781680 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3507319 | 0.042 |
13 | 1448642 | 0.041 |
15 | 2516839 | 0.040 |
11 | 2078483 | 0.039 |
6 | 1832000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 1781680 | 6 |
0.045 | 2225817 | 10 |
0.046 | 2490151 | 10 |
0.047 | 2251529 | 5 |
0.048 | 1563028 | 9 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
RDN (ASX) Chart |