My take is that it was a realistic view of the market at the moment. This is always the case with every stock on the ASX roulette table.
RNU have the product, can get to the product easily, in a safe jurisdiction, demand vs supply is not where it needs to be at right at this point in time, so they are in a slow pattern, not a hold pattern
Nothing has changed in fundamentals.....and the other point to make is, you don't know what the other players that need graphite are thinking, having lived my last 30 years on the procurement side of things price is one consideration but supply is another
>>>> price means jack if you cant get the product.
so a BOA could land at anytime in the near to long term future here ........ happy to hold go RNU
question has always been and is still >>>>>
is there an EV revolution going on around us >>>>
if so they are going to need graphite
JIMO
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Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $236.3M |
Open | High | Low | Value | Volume |
9.3¢ | 9.6¢ | 9.1¢ | $128.4K | 1.382M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 271533 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 11819 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 76602 | 0.092 |
7 | 270123 | 0.091 |
8 | 103226 | 0.090 |
5 | 93198 | 0.089 |
6 | 273059 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 42505 | 4 |
0.094 | 37468 | 3 |
0.096 | 100000 | 1 |
0.097 | 85459 | 2 |
0.098 | 51521 | 2 |
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