Ann: Optimised Product Mix for Upstream Graphite Production, page-43

Hi @Hycab the main factor affecting the SP change is that graphite pricing was at an all-high when the capital raise was done and has been in a decline (essentially mirroring RNU share price) ever since. There are some signs that graphite pricing is on the improve ATM but it will be some time until the market price concerns are allayed.

The change is sentiment is IMO due to world market concerns re Chinese product and supply control, media portrayal of the industry and also some holders unreallistic expectations of making quick $$$'s and selling out when they realise it takes many years to build a mine.

We also have scaremongering from those with agendas putting the frighteners into others for their own personal gain and of course a major change is sentiment will be due to the cost of living crisis pressures that so many are feeling.

Regards

GLTAH DYOR