I think we can all relate at times to feeling that RNU is dead...

I think we can all relate at times to feeling that RNU is dead in the water and certainly it’s been one of the worst / disappointing investments in my life thus far. Having said this every single non producing graphite company in Australia / World would need to progress and jump through all the hoops, red tape, studies and finally approvals that we have. We are now waiting on the FID which will be dictated by graphite price. We are in the very enviable position that we have cash in the bank, government support and a world class deposit in a safe jurisdiction. It’s not fun watching other sectors around us booming whilst we languish at a ridiculously low SP but the reality is we are in a sector cycle that needs to turn around and almost certainly it will given the increasingly growing amount of interest in the electrification of the planet. RNU will have its day when the time is right. My hunch is good announcements will come with the budget in May.