General Discussions, page-24539

LOOKING BACK ....
In approx. 2 months prior to Pepr approval, some holders and newbies were over optimistic re what SP would do after the eagerly awaited PEPR announcement.
28/11/22 Pepr approval came and there was a selloff by short term traders and some savvy investors....lots of disappointment for some expecting a bigger sp hike but sp had already shot up about 60% in preceding weeks......sp dropped 1 cent with 50 mil share volume to 31 cents.
30/11/22 AGM presentation ......sp shot up 6 cents (20.69%) to 35 cents
After 30/11/22 sp began to steadily decline not helped by insto placement.

7/12 - 8/12/22 $70mil institutional placement of 254.5 mil shares @27.5 cents
By 3/01/23 first day of NY trading, sp had dropped to 22 cents
By 10/1/23 sp had recovered nicely to close at 28.5 cents.
3/03/23 Announcement that RNU would enter ASX300 effective from 20/3/23 had little affect.
Since then imo RNU sp followed general batt mineral market downwards until much anticipated BAM announcement on 8/8/23.
Announcement came with disappointing selloff again.
Where to next with sp? ..... always something to cling on to.....maybe secure offtake agreements?
On a positive note sp today is currently up 10.71% (1.5 cents to sp 15.5c )
VWAP currently 14.7399 cents and rising so hopefully can close up at 15 cents
gltah