RDN

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3.1¢ raiden resources limited

'Just need to remember Gina and SQM thought AZS was worth...

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mal230355

2,350 Posts.

916

15/05/24

15:48

Post #: 73839315
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Originally posted by Paydirt7 ↑

Its early days yet but looking at possible take over prices and potential percentage gains from $0.05c

Here are some numbers to ponder.

• $0.05c to $0.30c equals a percentage gain of 500%
• $0.05c to $0.45c equals a percentage gain of 800%
• $0.05c to $0.60c equals a percentage gain of 1100%
• RDN issued shares + options equal circa 2.7 billion

Now there is nothing in the wind to my knowledge that suggest RDN is going to be taken over but if the drill results confirm lithium pegmatites somewhere consistent with our now delisted, taken over neighbour, AZS, then calculators will be running hot, crunching numbers. Just need to remember Gina and SQM thought AZS was worth B$1.692 billion $’s so without further dilution $0.60c looks closest price probability based on like for like resource grades and volume.

A possible take over would be well down the track as RDN gradually proves up ground and wild share price fluctuations will probably be the norm. Investors might trade a parcel and sit on the balance of their holding, for example.
There is a lot riding on drilling assay results. Risk equals reward. Consider your risk barometer then act accordingly. Good idea to read all company announcements (fundamental analysis) then see what the charts are telling you (technical analysis)
Buyers accumulating on the dips should be rewarded on positive news flows. Traders appear to be selling the news going on last couple of announcements. Short sighted strategy trading for pips, but that gives the true believers a chance to get set and ride the wave.

The real money is made by buying and holding for the long haul. If those percentages come to fruition as mentioned above then holders’ lifestyles will be much better off for it.

On the flip side if RDN announce dusters, then holders would need to reevaluate their position.

BUY LOW – SELL HIGH – not the reverse.
DYOR as not investment advice.

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'Just need to remember Gina and SQM thought AZS was worth B$1.692 billion.'
Correct except that $1.682 billion was for 60%.
Recalculation necessary.

RDN Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
30 Upvote

0 Great analysis

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(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $84.11M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$410.8K	13.46M

Buyers (Bids)

No.	Vol.	Price($)
3	3099916	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	1160786	2

View Market Depth

No.	Vol.	Price($)
3	3099916	0.030
11	3376068	0.029
9	1875045	0.028
5	1887037	0.027
15	1149306	0.026

Price($)	Vol.	No.
0.031	1160786	2
0.032	1219027	6
0.033	462287	3
0.034	1132223	4
0.035	1286713	6

Last trade - 16.10pm 28/06/2024 (20 minute delay)

RDN (ASX) Chart

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