just look at the latest BMW news events
What news events are you referring regarding BMW.
The article below was posted approx two weeks ago and printed in Reuters on the 15th Jan 24 .
I would suggest if you are going to give out information then you ensure that it is correct.
As the BMW CFO states , the tipping point has been reached whereby EVs are providing the company with the most sales growth.
There are, I believe a raft of geopolitical maneuvering's going on globally along with blatant share market manipulation within the critical minerals sphere that are responsible for the share pricing not only of RNU but many more on the ASX.
Western Governments will need to act quiet positively to protect their EV industries.
The positives for RNU
1. 125 mill in the bank.
2. Owner of the mine area
3. Lower cost producer to extract graphite with a horizontal and contiguous ore body (40 year mine life
4. Conditional government loan $185 mill
5. Appropriate are for upstream production of PSG . Water and power readily available.
6. Situated in a Tier 1 mining jurisdiction
7. Close to port facilities
8. Graphite material can be considered under the USA Inflation Reduction Act to aid in Government EV tax exemption. I'm sure the European Union will have a similar legislation in place
9. A potential global appeal for its product - Japan , Sth Korea , USA, Europe and hopefully Australia should finally look at an internal production of at least EV batteries.
https://www.reuters.com/business/au...stion-engine-tipping-point-passes-2024-01-15/
To all holders I say, stay the course , it may take a while longer but I believe that the EV industry is only going to get a lot bigger, mainly because all governments know it is the right way to go and they have set their course.
GLTAH
