RNU

2.78%

7.0¢ renascor resources limited

I have been ignoring this forum for influence over the last few...

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84 Posts.

114

28/07/23

22:24

Post #: 69048987
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Originally posted by HRCrider: ↑

My thoughts as an investor in this company.

the delay on the BAM study is concerning, the reasons for the delay may be worthwhile or they may be struggling to improve on what they had. I am trying to accept that we might no be getting what we hope for when it's released.

The planned dates being missed have become annoying, however, I'm patient enough and have a long term investment plan but my confidence has dropped a little lately.

The graphite market hasn't done what was expected short term when the initial plans were in place. I personally think China will be pushing its synthetic graphite cheap for as long as it takes to keep the market control. But, when they apply more stringent rules on emissions from them, it will become harder to produce synthetic graphite. Demand for low cost natural graphite will put RNU in a good position. There's to much speculation in all of that for me to get excited.

Nothing is binding yet, i guess its hard to negotiate a fair price when other producers have slowed production for over supply issues. The demand isn't there right now, the forecast demand is outstanding for graphite but the demand is simply not there now. I would like to see binding agreements asap,

I'm not sure on what the charts are saying, there's some shorting and selling and the support is weak. If 0.175 gets broken below I don't know where the support is. The buy/sell spread is now leaning on the sell side. The chart is in a down trend channel for 8 months. It'll take a big volume week or so up breaking 1 or 2 resistance lines to get it changing direction. Where's that coming from.

will it become a mine? Has renascore got the balls to go ahead with it?, how good does the FID look? it's well overdue also. Something doesn't feel right all of a sudden and I guess the market feels the same.

pick the guts out of what I've written, I'd love some reassuring. Swanny, you have the right idea but do you have any concerns?

Expand

Originally posted by Swanny204: ↑

Some are displaying a short term narrative to a long term investment.The EV and Electric storeage revolution is just starting and we are going to be an important graphite supplier into it from 2025.Why worry what’s happening today.

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Originally posted by wottagunn: ↑

New narrative...

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I have been ignoring this forum for influence over the last few months or so.
Today I bought another 540k @0.1825 at close today, which I 2 thirds line wiped, but was then immediately sold down from 18.5 to an 18 finish.
It's true punters really have no control over where price goes.
The timing of the buy had a lot to do with the maybe of the BAM study revealing a new NPV update.
My motivation to buy today was, to buy before a trading halt, which could potentially rerate the MC.
But really I was shitting bricks as I only got funds late this arvo, and knew where I wanted to put them.
I see BAM not out yet, as it isn't ready yet. This is a billion dollar company, it will be ready when it is ready.

RNU Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change -0.002(2.78%)		Mkt cap ! $177.9M

Open	High	Low	Value	Volume
7.2¢	7.3¢	7.0¢	$281.1K	3.958M

Buyers (Bids)

No.	Vol.	Price($)
28	2188170	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	50351	2

View Market Depth

No.	Vol.	Price($)
28	2188170	0.070
6	491131	0.069
9	679144	0.068
4	839626	0.067
4	425451	0.066

Price($)	Vol.	No.
0.071	20000	1
0.072	340845	2
0.073	534761	6
0.074	450000	3
0.075	215348	4

Last trade - 16.10pm 11/11/2024 (20 minute delay)

RNU (ASX) Chart

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