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RDN

Raiden Resources (ASX: RDN) just sent me an email updating where they are at. So I had a bit of a look.

Yep, there are encouraging signs, including the expansion of the phase 2 drilling program at Vuzel. The reason for this is the encouraging results received so far. I suspect these guys are expecting really good assay results and a much better understanding of the ground they are drilling. And this will be a strong asset for the company.
However, I think that these results will quickly be followed by a cash raising, almost certainly a private-invitation one. And this will keep the share price lower for a while yet.

This is a very busy company, with a lot going on. Do they have enough cash and enough eyes everywhere to manage everything (including regulatory issues at Arrow)? Time will tell.

My feeling is wait for the CR and then jump on. The share price is 0.6 cents, so I will keep an eye on these guys

Checking back In August.

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