Highly likely we will now get that buy in from posco at 10c. Its just unfortunate the timing of the BAM. That ann clearly states signing binding contracts and securing capital, not one of these but both of these are necessary to progress. Contracts and Money both required. And RNU made this announcement, mind you in the lowest point of graphite price cycle in recent years. Managements timing is an issue in my view , they have a track record of bad timing. China's artificial pricing mechanism wont be an issue for the long term but in the meantime this market beast destroys anything when it gets a whiff of shareholder uncertainty and rightly so.
RNU Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
