with comments like these, i get the feeling that investors hardly pay attention to the macroeconomic environment. their decision to take a position is probably limited exclusively to hotcopper. since you obviously don't held, this post is general.
let's take rnu as the starting point for our current market research. even if spherical prices increased ~20% from here, they would not make any profits. if you look at the sp development of rnu, which has an estimated ev of ~150m and ~120m cash, you will see that we are currently at the lower end (if not lower) of the graphite market. look at producers like syr or the canadian ngc. syr in particular is one of the asx companies that are most frequently shorted.
do you think this is happening for no reason?
management constantly buys this company on the open market. you will not receive any more “security” of a possible price reversal in this environment / long term.
IG6 Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
