I agree that the whole discussion about $1 and $5 was started by excited parties without much consideration.. i have been following RNU for a long time now and doing the numbers.. without factoring anything else that RNU has, and just calling it for Graphite, the stock is undervalued now.. its a brilliant buying opportunity and i have been making use of the drops to buy more.. now with 100% offtakes completed, the govt support, and the company looking at revising its initial production for a higher one, the SP will soon sit at around 50c mark imo.. watch what happens in the next month or two.. funding is imminent with Australia.. the surge for demand in high purity spherical graphite has almost 2X in the last one year alone.
Tesla sources a majority of its spherical graphite from Japan at the moment.. (synthesized)..
RNU's last offtake is from Japan.. i see we are heading on the right direction..
Fundamentals, page-534
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Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $74.33K | 734.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 1646688 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3340530 | 52 |
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| Last trade - 10.53am 13/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 772380 | ||
| Last updated 11.04am 13/05/2024 ? | |||||
| RNU (ASX) Chart |