RNU 2.15% 9.1¢ renascor resources limited

General Discussions, page-27820

  1. 1,791 Posts.
    lightbulb Created with Sketch. 426
    Really you think the the insto’s that have churned it down to this level are going to let it run, perhaps a little but then they’ll put the clamps on again to try squeeze more retail shares.

    This is just round one for them it’s a great stock with solid fundamentals they want in and as we have seen for months now are in total control of the sp.

    I totally understand and agree it’s all part of an investing in emerging companies and you have to stick it out which I will, but doesn’t mean I am happy with management and they can’t do better.

    Very little meaningful news since BAM study which took forever, yes lots great presentations about the market dynamics and potential offtakes and pre orders etc but clearly the market needs actual indicators so while DC is flying around getting great pictures and talking a big game the sp gets churned down to a point where a 100% gain would see many still in the red.

    The SP may well run on news but as I mentioned above a 100% gain from these levels would be 19 cents and most likely settle back below that as it gets churned again while we wait for next news.

    The whole idea of government providing loans is get projects happening not sure what we are waiting for we have the financial ability to get 1st stage going.

    See this so often, retail gets pushed aside and it’s all about management, insto’s and future partners.
 
watchlist Created with Sketch. Add RNU (ASX) to my watchlist
(20min delay)
Last
9.1¢
Change
-0.002(2.15%)
Mkt cap ! $231.2M
Open High Low Value Volume
9.3¢ 9.5¢ 9.0¢ $190.7K 2.085M

Buyers (Bids)

No. Vol. Price($)
11 440280 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 131526 7
View Market Depth
Last trade - 14.43pm 05/07/2024 (20 minute delay) ?
RNU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.