Australia's largest stock trading and investment forum Australia's #1 stock forum

RDN

Click for more information

9.52%

2.3¢ raiden resources limited

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

First 6111 Last

Share
Profile

Follow
Just4kicks

3,729 Posts.

576

13/04/24

09:15

Post #: 73326530
Share

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?

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NWH

NRW Holdings voted Wealth Within's hot stock tip

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

There are more pages in this discussion • 1,791 more messages in this thread...

First 6111 Last

Add RDN (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.002(9.52%)		Mkt cap ! $62.53M

Open	High	Low	Value	Volume
2.1¢	2.3¢	2.0¢	$538.3K	25.66M

Buyers (Bids)

No.	Vol.	Price($)
2	193814	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	1174185	4

View Market Depth

No.	Vol.	Price($)
2	193814	0.022
6	424612	0.021
12	1751238	0.020
17	5443729	0.019
11	3693555	0.018

Price($)	Vol.	No.
0.023	1174185	4
0.024	1350000	1
0.025	1383333	6
0.026	104667	4
0.027	889935	4

Last trade - 15.51pm 30/07/2024 (20 minute delay)

RDN (ASX) Chart

SPONSORED BY