RNU 4.76% 10.0¢ renascor resources limited

Fortunately, RNU hasn't committed any funds, otherwise, it would...

  1. 1,177 Posts.
    lightbulb Created with Sketch. 2628

    Fortunately, RNU hasn't committed any funds, otherwise, it would require bailout assistance, much like SYR.

    Instead, we are able to generate enough revenue to meet our costs and turn a modest profit because the Board has the wisdom to hold back. Therefore, while the exChina supply chain is being created with our material in mind for new material supply, we can afford to wait for the exChina anode players to wean themselves off of the inexpensive (BS priced), unsustainable, and ecologically hazardous Chinese material.

    All that needs to happen is time. However, recent offtakes show that supply is running thin, providing clear indications of concerns.

    Furthermore, since the federal government decided to fund ARU's Nolan project to the extent that they have and our support loan was granted in an environment with minimal inflation, similar support matirx might also apply to us. Also, its possible US Import-Export Bank funds which Madeleine King expects to come our way may have a part to play.

    FOMO remains with the anode makers.

    AIMO, DYOR, GLTA(patient)H

 
watchlist Created with Sketch. Add RNU (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $254.1M
Open High Low Value Volume
10.5¢ 10.5¢ 10.0¢ $132.5K 1.313M

Buyers (Bids)

No. Vol. Price($)
29 892440 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 1584251 40
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
10.3¢
  Change
-0.005 ( 1.89 %)
Open High Low Volume
10.3¢ 10.3¢ 10.0¢ 1904494
Last updated 15.58pm 03/05/2024 ?
RNU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.