RNU 4.17% 11.5¢ renascor resources limited

Ann: Successful $15M Institutional Capital Raising, page-183

  1. 692 Posts.
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    Whilst anything is possible, I don't see it going lower than 8 cents. The big investors that just got in are unlikely to want to sell out with only a small profit given the progress and huge potential of RNU.

    Look at the previous CR which was a only 1.1 cents with a free option only a few months ago, many did sell out with a small profit and I doubt these new buyers will want to make the same mistake.

    The market is so shallow and there are so many "investors" that simply follow the herd. The fact is, the fundamentals are very strong and this project is becoming de-risked by the week. An announcement could come at any time and knowing for certain there will not be another CR until construction, I prefer to hold or buy more now rather than wait and hope to get in at a lower price.

 
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11.5¢
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Mkt cap ! $292.2M
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12.0¢ 12.0¢ 11.5¢ $168.9K 1.445M

Buyers (Bids)

No. Vol. Price($)
26 1471136 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 496082 10
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Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
11.5¢
  Change
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12.0¢ 12.0¢ 11.5¢ 1027911
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RNU (ASX) Chart
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