I looked at Raiden Resources (ASX: RDN) a month ago and said they were looking a little desperate. That was based on the emails they had been sending me, even though I had never been a shareholder. I had sent them an email a couple of years ago, but they never replied.
Last month they were at 0.4 cents and they are still bouncing around that mark. And listening to other shareholders, they got badly burned by RDN when it dropped from highs of 5 cents and 6 cents last year. All anyone can do now is hold on and see what happens next.
They are a real risk, but if their assays come in (later this month) with good results, you could realise a 50% gain in just a couple of weeks.
Or it could just sit there doing nothing. Tricky one, this one. How big is your apetite for risk?
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