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#Bear Case
stale
Last edited one year ago

Not sure how many are following the Raiden story here.

But I thought maybe this is a bit of useful information.

Firstly, RDN tenements are South West of the AZS Andover Lithium Discovery (bottom left corner)

7780a0f00600cea4dfb7f37bba9e6d456e143e.png


However, the MD Alex Rovira mentioned they only found Nickel and no Lithium in the SW corner of their tenements. This has been mentioned in the roadhouse video at 2:30

https://www.youtube.com/watch?v=CgckdBD0DrE

"We did not hit a single pegmatite in the South-western Corner"

b7053001f457f6a57ea0815fb2408cc724d3d3.png

Furthermore, the MD has been keeping his cards close to his chest in the drilling update. He has been much more reserved after initially being very excited after the drilling approval by putting 3 announcements in one week of October.

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Very likely I think the results will be underwhelming and mediocre at best. The last statement doesn't fill the reader with much confidence - sounds like they are saying they are struggling to find the target mineralisation.

Otherwise RDN will have already told us.

I hope that I am wrong though... And I'll be happy if I'm wrong....

Exploration is a challenging business....

[not held]

#Business Model/Strategy
stale
Added one year ago

Today is the day...

6aba5c8b2bea7e90145152530a17c58579f5e1.png

Not trying to offend Raiden Resources but there hasn't been much drilling for the last few years at least

9aa67ed12dd9e1e0088c01825648e66f87b54b.png

And some on X have been in the past quick to highlight the red flags

804a01bb323a09d9a11d6803c42a60e70fc0a7.png

e2c2274ecb03543dec3ce0dff573886a3e1b89.png

However the latest announcement and the one below about hiring Topdrill provides some validation.

258574adea743edb7eefbb039a9cb6ccee5f8f.png

So for investors the wait has been long for something material

Interesting that Raiden Resources is valued at over 125m market cap. Bigger than some of the small caps that are covered in Strawman such as Wrkr and Prophecy.

Something wrong here at Raiden Resources. I will add that Tolga Kumova is a holder.

Best of luck for Raiden and hope they prove their worth....