RNU

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8.8¢ renascor resources limited

All that money should be earning interest and when the sector...

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20/01/24

13:53

Post #: 71977460
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Originally posted by BigAds44: ↑

I really liked the information given in this analysis. Talks about the battery metals space around 2/3rds into the video. We are definitely in a gut wrenching place at the moment but when the turnaround comes and surely it will, we will be looking at a very decent place to be invested. It is a waste of time and shows complete ignorance to bagging DC and RNU at a time when the whole sector has been a disaster. As the analysis suggests there is a high probability of Chinese manipulation behind the scenes and this cannot last forever. I’d love to hear a discussion on what would be a good solid early indicator of a sector turnaround because who really wants to be gambling by trying to catch the proverbial “falling knive” in a sector bear market like this. With plenty of money in the bank and a world class deposit RNU will be in an amazing position to take maximum benefit when the tide turns but it isn’t going to buck the trend of what’s been happening without the overall sector turning upwards. Given our cash position I think there are positives to be taken from the fact that no binding agreements have been signed thus far. Binding agreements and being in production by SYR certainly havnt done them any favours and down 82% in the last 12 months. SYR is certainly on my watch list together with more of RNU when the time comes to pull the trigger and we see a reversal.

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All that money should be earning interest and when the sector recovers there would be an extra $20 million. At least that’s what we hope DC is doing with the money.

RNU Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.8¢		Change 0.000(0.00%)		Mkt cap ! $223.6M

Open	High	Low	Value	Volume
8.8¢	9.0¢	8.6¢	$566.7K	6.412M

Buyers (Bids)

No.	Vol.	Price($)
2	27218	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	271318	3

View Market Depth

No.	Vol.	Price($)
1	6000	0.087
6	210440	0.086
15	780180	0.085
9	123686	0.084
8	350544	0.083

Price($)	Vol.	No.
0.089	271318	3
0.090	1085447	7
0.091	70000	1
0.092	3850	1
0.093	97711	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

RNU (ASX) Chart

All that money should be earning interest and when the sector...

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All that money should be earning interest and when the sector...

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Featured News

Buyers (Bids)

Sellers (Offers)

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