RNU has been over looked by Mr Market for years now. Its surprises me that the SP is still this low.
They are doing everything right, I'm not concerned and feel its just a matter of time before this re rates significantly. Clearly the market wants an offtake but first they will need to complete the Ausmin acquisition. The acquisition is guaranteed given the recent agreement to base the criteria solely on spend of a further $2.5M.
I may be wrong but it feels like the Ausmin deal has already been priced in...
Ann: Positive Metallurgical Tests for Expandable Graphite, page-16
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Last
8.1¢ |
Change
-0.001(1.22%) |
Mkt cap ! $205.8M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.8¢ | 8.0¢ | $1.340M | 16.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110320 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RNU (ASX) Chart |