Interesting isn't it. When we hit 33c ( that was quickly followed by the CR at 27c). That was Nov 2022. And at the time a Binding offtake was days away! BAM was supposedly dropping at "anytime" yet it took till Aug '23. The ol 10c SP Looked long gone (part of Posco's MOU and equity agreement). And then when BAM finally comes out and DC says theyre looking at FID " next year" well, it was then a case of back to work and we'll see if this ever gets off the ground. Ive been here 4 years. Know most things that "fundamentally" should see this as a positive investment. I honestly don't think any offtakes are happening at current graphite pricing. If they couldnt secure one 2 years ago, why would you agree with one now? Next step is to wait for these 2 companie's to submit there costings of building a mine ( has been suggested thatll take at least 6 months). This takes us through to the end of the year. So IMO we're just playing catch with each other at the moment. ignore the traders ( fine if you wanna jump in and out) and if you can hold. Hold ( like Braveheart).
RNU Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
