RNU has 2.15B shares on issue with a market cap in the last month ranging from its current $300M all the way up to $650M at the peak and is nowhere near the construction stage of the mine.
For reference, BKT has just under 1B shares on issue, a market cap in the last month ranging from its current $166M up to roughly $300M at the peak and is currently beginning construction of their mine.
Look, ive been bullish on RNU since 3cents, still am but I think it's safe to say it was quite dramatically over priced at 35cents. (Wish I figured that out earlier)
Yes yes Tier 1 jurisdiction and second largest reserve, I can hear y'all yelling through your screens. Thats still quite a hefty premium for a company who isn't constructing. Hate to say it but fair value seems to be more around the levels it's at now.
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Last
9.8¢ |
Change
0.005(5.38%) |
Mkt cap ! $249.0M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.3¢ | $831.2K | 8.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25900 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |