RDN (ASX) Time for Board Restructure

Originally posted by oceanview69: ↑

Fellow RDN shareholders ,

It's in my opinion that we need to find a New Non Executive Chairman

The company desperately needs some stability and better ways to get its message out to the ASX market and its shareholders.

The existing Non Executive chairman Mr Michael Davey needs to stand down and be replaced ASAP

Since the CR was announced back on the 10th Oct ,Dusko's MD skills have been on show for all to see and it has been absolutely appalling & Embarrassing to say the least. Who pulled him up ? Who gave him advice ? Who over looked the decisions that were about to be released to the ASX ?

Two Trading Halts in 1 week , Disgraceful . Talk about hoodwinking the option holders

On the 8th Oct ,RDN were trading @ 4.6 c sailing along smoothly , Options being converted daily . Today the SP is @ 1.1 cent .Were did it all go wrong ?

Who was overlooking Dusko?

I have had many telephone conversations and emails with Dusko over the last year and each time I queried him on getting someone new to the board , especially someone with experience being involved in mining companies , better knowledge of corporate governance and Media skills

Each time Dusko would frustratingly shut me down saying it would only upset his plans with the current mechanism in place and could affect the decisions being made by himself and the current board. Now I know why

The current board MUST be restructured .To start with ,The existing Non Ex Chairman must go

A new Non Executive Chairman would install confidence back to the market as well as the shareholders and reign in some of Dusko's stupid decision making

It cant just be anyone either. We must attract someone with a wealth of experience and someone that is actually respected throughout the industry

It would then allow the new Non Ex Chairman to actually remove Dale Ginn, the Non Ex Director who resides on the other side of the world in Canada. No good ! We must attract new Blood to the board ,someone preferably living in Australia.

After all its our money , Not theirs , especially with the Options money now in the hands of Dusko

I'm pretty sure the Soph's would be calling for Dusko's head

If Dusko wants to save his own job ,I would certainly start listening to the shareholders

I have been a Raiden shareholder for a long time and nobody wants RDN to succeed more than I do .I am not a pumper nor a down Ramper.

I feel this is the only path forward given the current situation we are in

Sometimes Change is GOOD , and this instance it needs to happen quickly

Believe me , once this transaction happens watch RDN go

I would appreciate some thoughts from from some who might have better experience at this process of how to get this through

Expand

Drill results were bad.

The guy did an amazing effort of getting the story out there, it hit $150mill+ predrilling thats insanity.

It's still around $50million even after blanking off.

What story is there to get out there? hey buy this $50million company with shitty assays coming..... in my long experience on asx it's better to stop being delusional quickly, rather than when assays hit, this can still fall another 50% from her easily.

No.	Vol.	Price($)
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41720840

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2	100434	0.005
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100434

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Price($)	Vol.	No.
0.004	100433	2
0.005	7826976	14
0.006	19527848	29
0.007	18527952	36
0.008	11890424	12

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100433

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7826976

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19527848

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18527952

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11890424

(20min delay)
Last 0.5¢		Change -0.001(10.0%)		Mkt cap ! $17.25M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1.491K	320.1K

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