I think the market is focused on the risk factors in the update.
1: Renascor still seeking final approval for the EPR, and
2: Renascor recently became aware of an application seeking patent protection over certain previously known and published procedures for purifying graphite.
I don't personally see any problems with both these risk factors. Firstly, I don't see there being a problem with the EPR approval. The south Australian government wouldn't conditionally approve a $185 Million dollar loan, if they had plans on not approving the EPR. Secondly, Renascor has now opposed the pending patent application to protect and preserve its flexibility to use these processing procedures. So, I really don't see a problem here either.
I'm still very bullish on RNU, and I'm still accumulating.
GLTAH.
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