RNU renascor resources limited

General Discussions, page-32742

  1. 1,647 Posts.
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    I have to say I find the ultimatum posts a bit funny. 'if this doesn't happen before Xmas, if this doesn't happen in the next few months etc etc'.
    How iis RNU going the same way as syr? Sure it has fallen from all time highs with the downturn in graphite price, but more importantly the overall perceived sentiment in the battery mineral space. The difference is RNU has no debt but has 110+M in the bank. It doesn't need to run a mine at a loss or have care and maintenance. We are not an operating mine that can go bankrupt, or a mine that can be taken over by a rouge gov or band of militia. You are comparing apples and oranges in desperatation. If rnu doesn't sign an off take before Xmas, we are likely going to be sitting at the same cheap share price. Nothing will change. The price is 100% manipulated and has done so to trick sheep retail into selling. Sure there might be some who got out at 9-10c with a loss and are cheering, but they might also be the same ones buying back at 20c again when everything is sunshine and rainbows. End of the day, if you don't think big players are screwing the little man some way to maximise profits on the stock market, you are living in a fantasy land.
    Prople ccrying lifestyle company, haven't seen what a lifestyle company is on the asx. Think multiple name changes, endless cap raises, multiple 'acquisitions', finders fees to mates, endless exploration, consolidation and then more cap raises. From my experience, rnu has been pretty good. Yes dcs pay packet is high, and it was upped when things were looking very good, company 700+M mc etc. A few hundred k isn't going to make or break now.
    The people crying no updates, then there's people crying fluff announcements. You can't win here.
    Last edited by ndp_2010: 14/12/24
 
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Last
6.0¢
Change
-0.002(3.23%)
Mkt cap ! $152.5M
Open High Low Value Volume
6.2¢ 6.2¢ 6.0¢ $95.26K 1.575M

Buyers (Bids)

No. Vol. Price($)
6 296089 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 7791 1
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
RNU (ASX) Chart
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