@GKeden
“Hello. If RDN was such a sure thing, why hasn't it been taken over, already? Why haven't SQM made an investment in RDN, when they appeared to invest $20M in AZS based on a poor drill hole visual and many prior rock chips?”I don’t ever recall saying RDN is a sure thing. Although I am personally confident there is a good chance of a successful hit, I usually always say that there is risk. So I’m not sure if you are aiming that at me, but if so you are quite wrong in how you perceive my views.
Regarding the point you are making here, it’s obvious why no investment has yet been made by SQM or any other whale. RDN hasn’t drilled yet. Who in the hell, being in charge of a very large company and hence shareholder’s money, makes a multi million dollar investment in an explorer that despite having very promising signs, at this early stage, has rock chips and maps? None. They will want to see what RDN could have.
My point in the post I did that you are now responding to, is that the cost of lithium in today’s dollars is NOT the deciding factor for a potential buyer of RDN in the future, IF that occurs. It helps of course if there is confidence in the commodity if we can call it that, but the big players look far into the future. Years, not months or weeks or whatever, but many many years. Now, don’t misread what I say here because it is only a hypothetical - IF RDN was to find a massive resource, and because they are right next door to RDN, and because they are within close proximity to all the necessary requirements to help with a mining venture, and because they are in a tier 1 mining jurisdication, and because it is just massive, the current price of spod will be irrelevant for future mining, and it WILL command a fairly sized MC.
We retail investors get all excited, and might invest thousands of dollars this early in the piece, some might even be confident enough to invest a million perhaps, if they have it and are prepared to wager it, but it is OUR money and not that of a company that has very strict protocols no doubt in place as to where they plough their money. We do it, because we want to get in early enough to make a killing. Think LTR, PLS, FMG. Anything ringing a bell yet?
With AZS, all the big players watched and moved in as soon as the first results came in. They didn’t invest a heap of money just as the first Landcruiser pulled up and the driver stepped out onto a white and tan coloured rock.
I don’t know what kind of story you are trying to paint here but you are way off. It’s like you are trying to get a debate going before the debating team has even arrived.
I stand by my post to you earlier.
GLTAH.
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