RNU chart, page-3661

Daily and hourly chart oversold. Not sure the last time both daily and hourly were in this territory, may have even been before the selldown from 35 to 20c in Dec last year.

Also worth noting, the largest daily loss for RNU with 4c decline. The SP moved a 6c range during the PEPR, but it closed only 3c down.

Would like to see a bounce (even a small one tomorrow).

Also having some time to reflect on the fundamentals of RNU after the craze of the day and give my 2c since this thread has degenerated anyway. Primarily the need for car / battery manufacturers to source outside of China. When we look forward to the likes to Merc Benz, BMW, Audi, VW - do they want to use questionably sourced battery minerals. Japan, USA, in the same boat. How many mining companies are ready to develop and dig all that graphite in the next few years? As far as I know our whole stage 1 would not be enough for the like of one company like POSCO (albeit it is a large one). How much do all the car manufacturers of Europe, Japan, USA, Korea need. There does not simply appear to be enough, even if China is in the game (from a presentation, there will need to be 90x the size of our operation being mined in the near future to cover this quantity). Very easy to get caught up in a panic, fear and emotion. But when you think back to why you actually invested in the first place. things make more sense. Gl people