Australia's largest stock trading and investment forum Australia's #1 stock forum

RNU

Click for more information

1.43%

6.9¢ renascor resources limited

General Discussions, page-344

First 344 Last

Share
Profile

Follow
levendful

1,302 Posts.

165

22/05/21

23:17

Post #: 53354229
Share

Originally posted by Sweetsound: ↑

The recent high was around 16c back in March - perhaps overshot at the time and retreated substantially since. No one likes to pay 16c and within a short period see it trade at a bit over 7c - can it fall further - yes - but I'm guessing that the recent highs will be breached at some not too distant point - and as I see it, that point should come once project financing is finalized with binding offtake agreements.

Whilst it's currently down, I'm also guessing that longer term it will be a thing of the past subject to hurdles been overcome. On that basis if it retests 16c it already is more than doubled current price - that in itself is a nice return. Those who paid 16c have a chance to average down.

If you can get it even cheaper in the next little while - well and good - the more the puzzle pieces fit going forward, the less likely for that to happen. AIMHO.

Expand

Think it will stabilize around 8c eventually, have a feeling the management team pumped up the price so they could get capital raising at the best price possible. I've seen it happen many times before where a flood of news comes in price goes up, capital raising then no news for a while.

RNU Price at posting: 7.3¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 31,619 more messages in this thread...

First 344 Last

Add RNU (ASX) to my watchlist

(20min delay)
Last 6.9¢		Change -0.001(1.43%)		Mkt cap ! $175.3M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.7¢	$223.8K	3.264M

Buyers (Bids)

No.	Vol.	Price($)
1	13715	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	295767	4

View Market Depth

No.	Vol.	Price($)
1	13715	0.068
14	1235914	0.067
7	880302	0.066
19	1026022	0.065
6	729875	0.064

Price($)	Vol.	No.
0.069	295767	4
0.070	428802	3
0.071	168824	2
0.072	280900	2
0.073	554761	7

Last trade - 16.10pm 13/11/2024 (20 minute delay)

RNU (ASX) Chart