General Discussions, page-11868

And wouldn't expect this short selling to go away while PEPR is still being worked on. Nearing a year since it was submitted. As I've said previously this is no simple tick and flick. As much backing as the government loan is, it's subject to PEPR conditions being met and this is no easy feat for a graphite operation of this size in a country as strict as Australia. Yes IF we get it, then we are away and there's no taking it away, but it's not going to be easy and is not a sure thing. (as is evident by how long it's taking. Many complicated conditions to be ironed out)

Updated DFS and PEPR was hoped to be delivered in second quarter. Well that's come and gone, and even tho I as many of 99% of the posters here are excited for what's to come for RNU if we get PEPR, let's not kid ourselves with timelines and alll happy roses. This will take time and the SP is reflecting this after the SP back down 2 days since the resource update. That's not the update the market wants to see and the shorters know this.