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
BUT , RIO are managing exploration on 3 of RDN leases with a max...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.11M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $410.8K | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3099916 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 1160786 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RDN (ASX) Chart |