Realistically there won't be much. After the horror show of the last two days, if the SP jumps a cent or two. People who have been on the fence will most likely sell our to cover some losses.
It is unfortunately what happens when a company releases an announcement thinking it will be well received and have a follow up Ann that was meant to continue the momentum. Instead, now it will act hopefully as a way to stop the bleeding. Personally the best outcome will be if the SP can catch a flat day. US markets were bad overnight and yesterdays selling was ruthless. Would honestly not be surprised if there is a big push at open and we see 12.5c
However, if you're not concerned about the immediate SP, then todays announcement is just another de-risking event. I agree that now the BAM has been released we will have more announcements. Lets not forget that PLS was once in our shoes, before he Li boom. I believe we are in the same spot. Trying to get to production for when our supply shortage is truly being felt. Just my thesis and who knows, everybody that sold over the last two days could be laughing at me two years from now. Let's wait and see.
RNU Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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