The only reason he mentions 10c is that it would allow him to buy back in and not "lose" money and thus validate his stance since selling out. I try to keep both the fundamentals and management squarely in front of mind when buying shares. Sure macro economic event have a role to play but when looking at the EV revolution that is happening before our eyes nothing will stop that. Governments changing policies in order for this to both happen in the first place and secondly to accelerate its progress.
Australia may be a small market however even Volvo has stated that they will not be selling ICE cars here after 2026. This is a juggernaut that will not be stopped. Will there be hiccoughs along the way? Sure but if you look at the overall trajectory of this company (and others) then the daily ups and downs of the market will have little effect.
BB says the EV bubble is over. Absolute twaddle. Do not listen to him. He has stated that we are in for the worst crash in history. 90% crash. Worse than the 1929 crash. The US may be heading for a recession and that will have an effect on worldwide markets but we will not be looking at anything like a depression.
RNU Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
