RDN raiden resources limited

This is a really hard question to answer and in all honesty,...

  1. 289 Posts.
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    This is a really hard question to answer and in all honesty, I'd have to be looking at a crystal ball. It's hard because as an explorer they need to burn cash to continue exploring, and their assets aren't really "assets" as they don't have a proven resource. There are a lot of unknowns but they do have other tenements and projects. It really depends on how long you are willing to wait to realise your investment, whether RDN will have enough cash for exploration, whether you have confidence in RDN's other projects, and what the value of those projects even will be when and if realised. Personally, I'm following, but I wouldn't buy RDN even under 1c.

    I bought in on the hype of this potentially being another Azure but that is looking unlikely and it's heavily tied to the market capitalisation. If no lithium at Andover then RDN will fall maybe to around 0.5c. It has a lot further to fall with more bad announcements in my opinion.
    Last edited by JarJarDrinks: 05/12/24
 
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Last
0.4¢
Change
-0.001(20.0%)
Mkt cap ! $13.80M
Open High Low Value Volume
0.5¢ 0.5¢ 0.4¢ $102.6K 21.80M

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No. Vol. Price($)
50 37942227 0.4¢
 

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Price($) Vol. No.
0.5¢ 3127553 4
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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