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2.7¢ raiden resources limited

You seem very level headed. Rock chips don't mean much as...

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Just4kicks

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13/04/24

09:15

Post #: 73326530
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Originally posted by JarJarDrinks: ↑

I think we might see another big share price movement like last year as RDN gets hype and we get heritage approval. However I think that a lot of people bought into RDN (myself included) in the 5c-8c range and have been holding RDN in the red for months. I could see a lot of people cashing out once they break even or their position goes into the green so we might see another fall in share price once it goes back towards its historic high.

Posters saying RDN will be 30-40c if it finds lithium, I'm not sure I agree. That would be an insane valuation of the company. I think 15-20c is a bit more realistic.

Fingers crossed we find lithium. The ASX is littered with the bones of failed nearology plays and there is no certainty that we even will find lithium.

I'm thinking of potentially cashing out once we bounce back and trying to buy back in if the share price falls between heritage approval and drilling results.

Also does anyone know how long drilling results will take once we get heritage approval?

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You seem very level headed. Rock chips don't mean much as has been shown with many failed Li plays.
It's nearology til they drill, and either hit or don't imho.

RDN Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
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Last 2.7¢		Change -0.001(3.57%)		Mkt cap ! $73.40M

Open	High	Low	Value	Volume
2.6¢	2.8¢	2.6¢	$432.2K	16.38M

Buyers (Bids)

No.	Vol.	Price($)
4	345000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	149422	1

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No.	Vol.	Price($)
4	345000	0.026
14	2557378	0.025
14	3364714	0.024
14	2294470	0.023
14	2907245	0.022

Price($)	Vol.	No.
0.027	149422	1
0.028	842400	5
0.029	1540000	6
0.030	788348	3
0.031	1082221	4

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