RDN 3.33% 3.1¢ raiden resources limited

The post below is just my brief observations of what has...

  1. 10,248 Posts.
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    The post below is just my brief observations of what has occurred recently over a 3 month period and my brief opinion on the latest Andover south announcement and the recent 0.003cent CR !


    The last recent raise was at 0.003 to "professional and sophisticated" investors !

    Then over the last week or so we saw a massive rise, especially the last two trading days, Followed by todays trading halt for a Capital Raise.
    Currently i think there are 2.8 BILLION shares on issue, (correct me if i am wrong ) !

    I,m wondering why did this run so hard on that last announcement 23 August "30m wide outcropping pegmatites defined at Andover South" , i personally saw nothing really in the announcement, just a pegmatites and again no spodumene mentioned.
    see below


    https://hotcopper.com.au/data/attachments/5538/5538904-cc3c9dc8a4c0e6f69c63279688a80df8.jpg


    Back in 8 June, the company issued 200m shares at 0.003 and they can issue a further 212m shares at 0.003 within a 3 month period from 8 June ? So clearly if sold, HUGE sums of money has been made ?
    Would be interesting to see who has taken cash off the table over the last 2 massive volume days, certainly i would not be buying at this level knowing there has recently been some 200 million shares been issued at 0.003, and a potential further 212million shares at0.003that can be issued anytime now and obviously will or would be given the recent price of the shares !
    I hope it works out here for new holders who have just got in,


    https://hotcopper.com.au/data/attachments/5538/5538908-8afb0058901e57ce821094004ee0012c.jpg
 
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