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ironoreman

1,488 Posts.

118

07/11/23

20:47

Post #: 70773765
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Originally posted by TenX: ↑

The major consolation for me is that those saying it will never get to $2 will absolutely be out before that happens.

And when it goes well past that level that I am 100% certain it will, they can bitch and moan how over priced RNU is.

$5B market cap once this is in production, every day of the week baby.

What they fail to understand is that graphite is the largest component of a lithium ion battery, AND its also the cheapest component. So the price has the ability to 5X from here and still not affect the end cost of a battery in a substantial way.

Hence when you overlay the impeding global shortfall in graphite supply, lets not even talk PSG.....come December 1, things here are going to blow sky high.

20c by week end for sure IMO.

10x

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Hey TenX i hope when you mean "production" you're not talking about just the upstream. Then your comment would be laughable. Will be lucky to have stage 2 of the downstream completed this decade..

RNU Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.3¢		Change -0.007(7.00%)		Mkt cap ! $238.9M

Open	High	Low	Value	Volume
9.9¢	9.9¢	9.2¢	$410.8K	4.332M

Buyers (Bids)

No.	Vol.	Price($)
8	233741	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	87620	3

View Market Depth

No.	Vol.	Price($)
8	262532	0.093
6	193742	0.092
3	160000	0.091
9	119211	0.090
2	21235	0.089

Price($)	Vol.	No.
0.095	61809	2
0.096	30721	2
0.099	44999	2
0.100	304693	7
0.105	837552	14

Last trade - 14.12pm 04/09/2024 (20 minute delay)

RNU (ASX) Chart