Rockboy,When options are finished, downward sp pressure will...

Rockboy,

When options are finished, downward sp pressure will cease.

1. Heads sellers, to convert stops.
2. Option holders selling to convert a remaining balance already stopped.
3. New shares issued, overhang will stop mid next week.

There were 3 factors pushing down raiden.

Going forward, depending on price paid for options, qty converted.

Close to 10% of the capital will owe investors I'd think at least 3c on options into shares alone.

The 4th is sophs, When we add the 10% at 3.2c.

20% of the issue is a 3c plus cost at least.

If those 20% do not sell, there might be a supply issue, esp if buyers outside that 20% enter the picture.

The present cap is 55m, minus 16m cash = 39m ev

Remove Mt scholl, 8m discounted = 31m ev

Remove arrow, os assets, 5m discounted = 26m ev

Raiden at 26m ev for Andover with a 250m zone, mixed altered and pegs and open in all directions is probably oversold a little.

Added a few more today. Small top up as leaving some cash just in case raiden does go south a bit

Punt intended south...