RNU 0.00% 8.8¢ renascor resources limited

General Discussions, page-24102

  1. 47 Posts.
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    My thoughts as an investor in this company.

    the delay on the BAM study is concerning, the reasons for the delay may be worthwhile or they may be struggling to improve on what they had. I am trying to accept that we might no be getting what we hope for when it's released.

    The planned dates being missed have become annoying, however, I'm patient enough and have a long term investment plan but my confidence has dropped a little lately.

    The graphite market hasn't done what was expected short term when the initial plans were in place. I personally think China will be pushing its synthetic graphite cheap for as long as it takes to keep the market control. But, when they apply more stringent rules on emissions from them, it will become harder to produce synthetic graphite. Demand for low cost natural graphite will put RNU in a good position. There's to much speculation in all of that for me to get excited.

    Nothing is binding yet, i guess its hard to negotiate a fair price when other producers have slowed production for over supply issues. The demand isn't there right now, the forecast demand is outstanding for graphite but the demand is simply not there now. I would like to see binding agreements asap,

    I'm not sure on what the charts are saying, there's some shorting and selling and the support is weak. If 0.175 gets broken below I don't know where the support is. The buy/sell spread is now leaning on the sell side. The chart is in a down trend channel for 8 months. It'll take a big volume week or so up breaking 1 or 2 resistance lines to get it changing direction. Where's that coming from.

    will it become a mine? Has renascore got the balls to go ahead with it?, how good does the FID look? it's well overdue also. Something doesn't feel right all of a sudden and I guess the market feels the same.

    pick the guts out of what I've written, I'd love some reassuring. Swanny, you have the right idea but do you have any concerns?
 
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Last
8.8¢
Change
0.000(0.00%)
Mkt cap ! $223.6M
Open High Low Value Volume
9.0¢ 9.1¢ 8.7¢ $232.0K 2.620M

Buyers (Bids)

No. Vol. Price($)
1 60000 8.8¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 398389 6
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Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
RNU (ASX) Chart
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