...another lithium hopeful has crashed spectacularly, despite an announcement today that gave a hopeful impression but the market read it as bad news, and hodlers defending as early days.
...a setback nonetheless that saw RDN down -77.94% since its Nov 2023 peak one year ago.
...looking at the longer All time chart, you can see that this stock bombed out before, it was one of the junior gold plays of the 2020-21 bull market that saw little came out of it, then switched to the next lithium theme.
....now you understand why I avoid prior bombed out stock.
...bottom line- you have to be wary about management. And that is pivotal in investing in any micro cap stock.
...many are caught out believing this is the next Azure based on nearology. What happened to ASN's nearology to CHN's Julimar? Nearology is a ride and run, a bag or two and done.
