RDN Charts, page-259

Sluicebox, the additional shares do not alter the cap greatly.

57m to 64m. If we remove the 6m cash, EV cap is about the same as EV cap with 600k cash pre.

Investors are very lucky earlier in the year only half the issue was subscribed at 0.3 and the balance cancelled.

Or the issued just done would have netted sub 800k versus 6m.

6m is a decent cash amount and should allow 10,000m drilling easily.

More cash maybe Rdno at 4c for 2m.

I suspect most of these would be tied up as only 50m on issue.

So in under 1 year potentially 3 cash injections.
0.3 > 2.2 > 4.0

One certainly should not complain if the above occurs because many companies will struggle to raise full amounts.

Cvv fell very much short recently with retail and there project contains nearly 2b tonnes cu ore.

And let's not forget Rdnoa are in the money and worth 8m cash.

All nice to have prospects, but you need millions and millions to drill them, something raiden has never really had, till now.

My concern before the raise was how were they going to test the ground with 600k. That worry has gone now.