Thank you all for posting, even those who "flung dung".
I am grateful for all those posts.
But as I re-read my past notes on RNU, the same old story keeps jumping out at me.
Management are so slow, it seems as they are milking you shareholders, keep it going until retirement.
Christensen is on $300 thousand a year and has thirty million shares so why would he be in a hurry ?
Twelve million performance rights (sold half), that is a worry.
It would be impossible for him to pull that sort of coin anywhere else.
I first entered in May 2018 at .027 cents, from there it was topping down all the way to my last entry of .011 cents.
FULL PRODUCTION FROM 1ST QUARTER THROUGH TO THE 4TH QUARTER 2022.
This is altered every so often, all fairy tales (tails).
Then comes the future.
With 2.19 Billion shares outstanding, a consolidation must be coming soon.
So a ten to one consolidation would turn outstanding shares to 219 million.
The share price would go from 0.32 cents to $3.02 a share.
NOT A SHOVEL IN THE GROULD (except those gold ones that management lean on).
So is RNU real value three dollars a share ?
THREE DOLLLARS FOR A SHARE THAT THE COMPANY HAS NO MONEY AND IS NOT IN PRODUCTION.
NO PLANT, NO MINE, NO NOTHING.
OWNS NO EQUIPMENT, oh dear !!!!
Two ways of them proceeding, one borrow all required funds, from any financial borrower (bank wouldn't touch them).
Two re-issuing hundreds of millions of shares to the lenders.
DILUTION, DILUTION, DILUTION.
your shares will be back to almost nothing, just toilet paper.
I have quickly gone through most of the graphite stocks and come to the conclusion that I will avoid graphite stocks and
top up on my holding of SPQ nickel stock.
I walked away from RNU with over one hundred thousand dollars profit.
And I repeated that with CXO (plus SPQ in the green zone there), which I entered with the cash from RNU.
Eternally grateful for me, entering RNU, and to all the shareholders over the year who shit-stirred me along my RNU path...GOD bless.
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