Regardless of current Li price/sentiment, RDN has to drill in order to define and confirm its resource size, quality and location. If results are as good as most here suspect, then the MC, SP and chances of take-over offers should increase noticeably from the current situation and at a time when hopefully Li demand, sentiment and prices will have increased significantly with the expected global EV/battery demand. As it takes about 8 years for Lithium miners to become producers, any delay could obviously prove detrimental for the companies potential profits and competitiveness.
So, the sooner the resource becomes known and proven, then the better for RDN and holders. There is nothing to be gained by sitting on the fence and not drilling at this critical early stage.
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2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $76.12M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 3012806 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 249635 | 1 |
View Market Depth
No. | Vol. | Price($) |
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16 | 2967806 | 0.028 |
16 | 1330610 | 0.027 |
16 | 3211413 | 0.026 |
19 | 3959000 | 0.025 |
9 | 3475618 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 249635 | 1 |
0.030 | 594733 | 5 |
0.031 | 2099945 | 3 |
0.032 | 813746 | 6 |
0.033 | 1151500 | 4 |
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