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3.2¢ raiden resources limited

I agree, I think it will come through and on that we will more...

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Snowy84

1,982 Posts.

394

09/04/24

07:36

Post #: 73249739
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Originally posted by Dianella 68: ↑

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.

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I agree, I think it will come through and on that we will more than likely see some more cash thrown around in the region.

RDN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.001(3.23%)		Mkt cap ! $85.84M

Open	High	Low	Value	Volume
3.1¢	3.4¢	3.1¢	$575.9K	17.94M

Buyers (Bids)

No.	Vol.	Price($)
2	187500	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	173143	3

View Market Depth

No.	Vol.	Price($)
1	237800	0.033
2	187500	0.031
12	2521956	0.030
7	1076964	0.029
15	1472821	0.028

Price($)	Vol.	No.
0.030	237481	2
0.031	299	1
0.032	173163	3
0.033	920896	4
0.034	2390773	10

Last trade - 16.10pm 11/09/2024 (20 minute delay)

RDN (ASX) Chart