Yes, thanks. Been way too much emotion on the page when the sp is on decline, has happened every time and it's not specific to rnu that's for sureA question for holders, what would you do in the MDs situation? You can't control the plethora of macro events that are rocking markets/political/social etc etc, you can't control the way graphite prices (dictated by China) have dropped. You can't control the perceived negative sentiment in the battery mineral space.
If I was in that position, I'd be working on everything getting us ready to sign binding off takes and get the mine going once things turn. What's the point in signing off take if customers do not want to give a price that's in the best intrest for the company? None.
Right now another couple of MOUs would be nice, but still, not adding any value right now since graphite prices are low and graphite is still available. Battery manufacturers want to maximise their own profits too, but at some point something will give if materials are in short supply. The MD did the best thing and raised cash while the sp was high, minimal dilution. They are not splurging cash, they appear to have a good focus on sivivor project rather than starting up other projects left right and centre.
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