sector rotation is also playing a part. last year it was tech for example, and right now precious metal stocks are being favoured. the whole battery material area of the market got waaaay to big back in 2021/22 so it's reasonable that money is taken off it. Speaking just from my perspective, why would I put any of my cash here when other sectors and stocks are outperforming it? makes no sense.
sector rotation hints at money coming back in to these development stocks one day, but it could take years. I do believe RNU is one of the better asx mining development stocks (used to hold ~800k shares) and may one day be operational and successful, but that doesn't mean im prepared to gamble on it. and perhaps that is the general consensus of the market?
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