RDN 2.27% 4.5¢ raiden resources limited

When AZS made their 2nd high grade rock chip announcement on...

  1. 19,481 Posts.
    lightbulb Created with Sketch. 2523
    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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