RDN 7.69% 2.4¢ raiden resources limited

Daily Discussion, page-892

  1. 302 Posts.
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    It seems like this share is going back on sale.

    It is very daunting for those who bought recently, but for us long-term accumulators, we see opportunity repeatedly.

    Here are a few key things why I believe the SP is dropping:

    • The lithium market is taking a beating, but I personally see this levelling out. Lithium is still valuable. Currently, there is an ample supply due to every person in the game mining and selling it as quickly as possible.
    • Holders will unfortunately panic sell into this, which is a shame to see, but everyone has their own risk management
    • A lot of holders have bought in with the expectation of constant news flow, which has not happened. This is not a bad thing and requires patience. I, for one, will not sell a share till we get our drill results published to the market. You would be mad not to.
    • Day traders will take their profits.

    All of these things don't really materially represent the value of RDN except for lithium prices. But what a lot of investors are forgetting is the value that is held in Mt Sholl. This alone, not taking into consideration lithium, is enough to support the SP at $0.04 - $0.05. On top of this, we have our gold productivity, and the lithium projectivity is a massive bonus on top of all this. The last three issues will sort themself out once news starts flowing.

    GLTAH & DYOR!!!
 
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Last
2.4¢
Change
-0.002(7.69%)
Mkt cap ! $76.68M
Open High Low Value Volume
2.6¢ 2.6¢ 2.3¢ $949.5K 39.09M

Buyers (Bids)

No. Vol. Price($)
24 5108805 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 6851 1
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Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
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