RNU renascor resources limited

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tombadomba

39 Posts.

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10/10/24

10:58

Post #: 76060587
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Originally posted by Cadel: ↑

I’ve been invested in GXY/AKE/LTM for 13 years now and have rode the lithium waves. Very disappointing to see it end this way. GXY and RNU have been my picks on either side of the battery. I truly expected to ride it through to retirement.

Reading a few RIO presentations lately you can see the narrative changing to new energy particularly but also sustainability etc. Looks like they are rebranding in a way. I would not be surprised at all if they were looking to take RNU out even if just to support this rebranding. They have taken LTM out at the most desirable timing for themselves, either waited or orchestrated the merge between GXY, ORE and Livent then bought it all at a depression in the cycle. They know only too well the prices will rebound and they will be sitting pretty. LTM was run by a greedy banker and has let it go for a steel. Criminal.

LTM has done all the work with permits and in many cases either got the resource up or close to, then RIO will take all the upside. Some similarities here. This is shovel ready and compared to the lithium brines and converters very easy to do. RIO might just take this out at a very convenient time for themselves. DC owns a massive amount of shares and knows there is still plenty of risk to reach his final payday. They could take this out with their pocket money. I was always hoping it would be us and POSCO teaming up but thinking about it, now RIO has the lithium, adding graphite then working with POSCO could be a dream marriage of convenience. RIO the mining masters and POSCO with its technical ability to produce battery components (and steel).

I feel both Korean and Australian governments would be happy as well as the yanks as these two could easily compete and beat the Chinese which had been looking like a lost cause with their massive head start in the new energy area. Although the US is a basket case at the moment, they could use the end products for their auto and technology firms. They are not interested in the mining and converting. They just want anyone other than China to be producing their minerals and components.

Anyway, I figure I’m getting out in the middle with the LTM takeover. I’m terrible at getting out at the top due to being scared of paying too much tax, now a third of my portfolio is to be sold out from under me in one go. Terrible tax wise, good mortgage wise.

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Yeah paul graves sold us out. I cant believe where my gxy investment is after the ake and livent dilution! Look compared to pls and we are a far better company. Rio getting us for so cheap! Funny thing is i only own three companies (outside of etfs) and they are RIO, ARCADIUM, AND.... RNU

If rio buy rnu then i truly have all my eggs in one basket

RNU Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $142.4M

Open	High	Low	Value	Volume
5.5¢	5.9¢	5.4¢	$170.2K	2.999M

Buyers (Bids)

No.	Vol.	Price($)
2	155196	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	313507	2

View Market Depth

No.	Vol.	Price($)
2	155196	0.056
1	5000	0.055
3	102500	0.054
2	50000	0.053
7	687999	0.052

Price($)	Vol.	No.
0.058	9507	1
0.059	306046	2
0.060	142500	3
0.061	200000	1
0.062	98604	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

RNU (ASX) Chart

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