There's been one liquidity event with the RIO jv announcement.
I'd expect another one with the commencement of drilling.
My thoughts are that the selling has been tax loss selling, both pre and post July 30.
Reading many of the HC threads on various companies, it's surpring how many people have already booked tax losses for the current financial year.
Also very few shares here at RDN would be in the money under 2c.
This just needs a little time and Id expect a big turnaround.
Buy it from them when they're puking.
RDN Charts, page-39
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Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $65.25M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $161.8K | 6.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 119448 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2379408 | 8 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RDN (ASX) Chart |