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
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.53M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $27.13K | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343478 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2182675 | 10 |
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| Last trade - 15.42pm 16/08/2024 (20 minute delay) ? |
| RDN (ASX) Chart |