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Num1fifa

240 Posts.

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30/04/24

19:01

Post #: 73592132
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Originally posted by Bishkek2017: ↑

There certainly is too much negativity given the potential of RNU and what DC has managed to do to get the company where it is compared to its peers, inclusive of a good amount of money in the bank and a 185 million loan from the government. I can't think of any other up and coming graphite producer listed on the ASX that is any where near having a similar amount of cash to move their projects forward like RNU is now able to do.
Sure there are head winds at present re the graphite pricing however with the increase in EV sales worldwide I believe there will be an infliction point where the pricing must increase.
All that said I really hope that the shareprice of RNU starts moving up, if only to stop novacastrien from whining ,for a few minutes at least.
To all you people speaking so negatively about David Christensen, just remember he is not the guy sitting on his couch spanking the monkey all day complaining about the company!!!

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Not saying that RNU cant deliver the graphite or that the price wont go up.

But am asking who will buy it yes there is projected to be an increase in sales of Evs from last year, last year it was 14 million sold this year the IEA project it to be 17 million with around 10 million of those sold in china, and with the remainder how many of those vehicles are being manufactured in china or with Chinese resources and are part of that 7 million remaining to be shipped off to the rest of the world.

We need BOAs and I'm sure there is still plenty of time its just something we have to think about.

RNU Price at posting: 9.9¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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