With what we already knew from what was disclosed prior to the budget speech tonight these words stood out for me like the proverbial “dogs bollicks” - “an undisclosed revised level of support to Renascor Resources to fast-track the development of stage one of its Siviour graphite project in South Australia” Jeez if it’s left like this without a follow up announcement by RNU or the government this can only be a good signal to the market that we will get up and running regardless of capex or an offtake agreement that will surely come our way at some point soon and if it doesn’t it will in our own good time rather than having to sign an unfavourable agreement when it doesn’t suit us. With tonight’s tariff announcements by the US and this very pro “battery and EVs” budget news surely this is going to be a huge positive for the SP when we come online tomorrow morning.
RNU Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
