Ann: Fully Underwritten A$70 million Institutional Placement, page-65

Fascinating statement indeed!

I think Renascor knows its true worth and first mover advantage.

This is a very clever move and shows that Renascor is trying to get ahead of the mergers and acquisitions (M&A) game. Given the amount of M&A that is either in progress, have occurred or are about to occur and predicted to accelerate over the coming year, this capital initiative seemingly protects Renascor against any ‘multi-national or cashed-up cow’ with a bs opportunistic offer – for instance BHP low offer for OZL. Don't misunderstand me, there is nothing wrong with M&A or JVs because it's a natural part of the dog eat dog world we live in but the highly risk-adverse multinational company's have lost their bearings and are desperate to recapture lost ground.

However, this sends a message to everyone out there that Renascor is now a force to be reckoned with, i.e., if you try to take us out be prepared to pay a premium! On the other hand, we have the cash and momentum and growth potential to be opportunistic ourselves.

The timing for this is perfect.

So glad to be parked in a safe jurisdiction with a PEPR under our belt and a clear path to production. All the momentum is with RNU.

All IMO, DYOR, GLTA(patient)H