Just looking at the Mt Sholl JV with First Quantum in that AGM presentation, maybe just in case it’s needed, RDN should retain the rights to 30% and definitely NOT allow for dilution to 20%. If FQ is able to get that JORC up around the 80-150MT of Cu, that 30% ownership could be a handy bargaining chip down the track.
I hate it when explorers give everything good away for just a few lousy million in the bank. It gets wasted quickly and shareholders never see any of it.
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RDN AGM Discussion and Outcome, page-9
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Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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67 | 49375391 | 0.4¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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33 | 30836763 | 0.003 |
13 | 25357501 | 0.002 |
9 | 32400002 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 20384648 | 31 |
0.007 | 17701152 | 34 |
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