Its def not shorters, a combination of factors here:
- Pre financial year close tax loss selling - (I would say minimal)
- Lack of progressive news flow - ( a major factor)
- Traders know the main prize 4062 at AS wont be drilled for atleast a month. Even if we get POW's approved, we still need 4062 Andover South tenement extension and once that's secure , RDN need to submit POW for it and if current progress is any indication, it could be a month+ before the main prize is drilled (a major factor)
I am all for Raiden and Dusko and do speak to him occasionally, but punters (day traders/ instos) would rather shift their money to better immediate prospects than leave it in Raiden for now.
Once we get confirmation of drilling , everyone will pile back in as based on nearology to AZS, rock chips samples, one cannot deny that RDN's underground potential is massive.....
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