Ann: PEPR Approval for Siviour Graphite Mine and Concentrator, page-89

Hi stevieg999.

Yes, it was to be expected.
Players had positioned themselves for the news and sell on the fact as can be evidenced by the action.
The more sophisticated participants will not let the share price go and will let their algorithms control it and accumulate.
If people were hoping for a WA1 like reaction then they are mistaken as way too many shares in the market, imo.
This is not to say that RNU is not going to be successful in the long term although patience will be needed as the long term holders already know and have some great gains.
Lot more to go for RNU before production.
Patience is needed as RNU has great potential, imo.

T.