I'm sleeping easy tonight and for many more nights to come for that matter.
This was a huuuuggeee announcement IMHO!
To appreciate what this announcement means go and look at how some recent lithium companies have been able to fund their projects: massive dilution (issuing shares at insane discounts) and in some instances retaining less than 50% of the project in order to secure funding.
In RNU... we get neither. We have our project and cheap secure funding!
There are several stocks I keep a close eye on. Their projects look enticing (huuuge resources) but then you think how the hell are they going to fund it given the upfront capex requirements - and some are even Australian projects.
Ann: Australian Government Conditionally Approves A$185m Loan, page-168
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7.7¢ |
Change
-0.002(2.53%) |
Mkt cap ! $195.6M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.6¢ | $246.2K | 3.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 534076 | 7.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 132663 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RNU (ASX) Chart |