This is the bottom or very close imo, quite oversold now. Remember, nothing has changed.
Its the second biggest graphite deposit globally, $20M in the bank, non binding MOU's in place, government support, in-principle finance in place etc etc.
This sell off is expected after such a big rise, for a short time there RNU was over valued and now its undervalued. This should be seen as perhaps one last chance to get back in at a low price.
A positive announcement could come at any time, if it does I can see this bouncing back pretty hard. If you think you're going to get rich in the next week or so you might be disappointed. RNU has the goods, EV production is increasing, demand for graphite matching this.
Patience will be rewarded, DYOR
General Discussions, page-230
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $132.5K | 1.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 892440 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1584251 | 40 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.3¢ |
Change
-0.005 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 1904494 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| RNU (ASX) Chart |