BUT , RIO are managing exploration on 3 of RDN leases with a max spend of aud$40m under the terms of the joint venture. Also RIO CEO has publicly expressed a strategy to aquire Cu assets. With a box seat at the exploration sites RIO will know early on if spending $40m for 75% of a $10m MC company makes commercial sense.
My point is it is in RIOs interest for the SP to be kept low until they know more.
RDN is a very low risk investment for holders at sub 2c.
IMO DYOR
RDN Charts, page-37
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $91.38M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.3¢ | $288.0K | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1940977 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 892158 | 4 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| RDN (ASX) Chart |