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RDN

I last looked at RDN back in Sept and wondered about how their results would go. I said it was tricky and that it was hard to predict. Well, the results provided a good uptick and (very briefly) doubled the share price. It has now settled at around 0.55 cents, more than 30% above where it was. So that's a very nice return indeed.

However, I am not convinced that their grades are good enough given the time and capital expense it takes to bring a mine into operation. So I will stop looking at these guys, I suspect they will burn their shareholders again. And with more than 3 billion shares on offer, cash raising might be difficult.

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