RDN 3.23% 3.2¢ raiden resources limited

Daily Discussion, page-6793

  1. 20,419 Posts.
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    When AZS made their 2nd high grade rock chip announcement on 19/10/22, their shareprice jumped to .36c which gave them a market cap of $112m @ 60% ownership, so @ 100%, market cap would have been around $157m, bang on where RDM is today

    Fast forward to 20/01/23, more massive high grade rock chips were announced & shareprice still at .36c

    15/03/23 - Drilling confirms 23-27m spodumene pegmatite & share price @ .525c @ 60%

    13/6/23 - 105m @ 1.26% drilled 22.8m @ 3.57% & share price @ $1.09 = $425m @ 60%

    The rest is history
 
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