RNU

1.14%

8.7¢ renascor resources limited

games are easily played when the register is majority retail...

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ndp_2010

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18/05/21

10:53

Post #: 53243540
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Originally posted by Sumares: ↑

I have held RNU shares for the better part of 3 years (January 2018) and have been accumulating ever since. In honesty i first bought the stock to take a punt the scoping study/PFS, however when i read the results I was really impressed with the asset that RNU holds and thought to my self this is an absolute winner. Funny thing was that the sp didn't seem to take notice and crept downwards so i kept on holding (diamond hands). As time went on RNU kept on putting out good announcement after good announcement (PFS, Spherical Graphite Scoping Study, MOU, support from Dutch ECA, support from Australian ECA, Agreement with landholders for mining of the land, more MOU's etc).

Each of those announcements made me certain that the sp will push higher, but it never did. Suddenly though, for what seemed like no reason the SP shot up to multiples of my purchase price but I still did not sell (diamond hands). Now the sp is slowly drifting lower again for what seems like no reason. But obsessing over the SP on a daily / weekly basis is only going to bring grey hair, at the end of the day the company has a world class resource, in an accommodating jurisdiction, with favorable macro economic indicators and has enough cash to make it to the end of the DFS. So my advice for those who have recently purchased RNU shares is; do not expect the sp to act rationally, this is a good company that has a very decent (although not guaranteed) shot at becoming a graphite juggernaut for the economy of tomorrow. Based on that i plan on holding my position until we get to production or we go bankrupt.

Please do your own research, any sane person would have sold my position by now and walked away with a tidy profit

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games are easily played when the register is majority retail investors I have seen in the past. Like you said, good announcements and progress but SP not reflecting this.
The takehome is they have a high quality defined resource so the risks that come with explorers is already passed. The next months will be interesting to see where we go

RNU Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 8.7¢		Change -0.001(1.14%)		Mkt cap ! $221.1M

Open	High	Low	Value	Volume
8.6¢	8.7¢	8.6¢	$291.0K	3.381M

Buyers (Bids)

No.	Vol.	Price($)
32	1252863	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	230385	3

View Market Depth

No.	Vol.	Price($)
30	1197863	0.085
9	1002238	0.084
7	148536	0.083
3	98000	0.082
4	761666	0.081

Price($)	Vol.	No.
0.087	192885	2
0.088	244952	4
0.089	260000	3
0.090	435900	5
0.091	237063	5

Last trade - 16.10pm 02/08/2024 (20 minute delay)

RNU (ASX) Chart

games are easily played when the register is majority retail...

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

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Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

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Buyers (Bids)

Sellers (Offers)

Featured News

games are easily played when the register is majority retail...

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

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GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News