RNU renascor resources limited

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5.6¢

I guess this is exactly why the West is so far behind China in...

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ndp_2010

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15/05/24

11:41

Post #: 73833012
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Originally posted by chopstah: ↑

We've already achieved maximum exposure. This company has been in the limelight since 2018... we aren't going to see an increased SP by merely being in the news. We need higher uSPG prices, higher natural graphite demand, more Chinese graphite tariffs and a shit load of government support. As an investor I am happy with the budget outcome but as a tax payer, not so much. There are definitely better investments than RNU, which is currently an economically undesirable (if not unviable) project (uSPG is less than half the price used in the DFS) and the furthest thing away from a comparatively advantaged industry for Australia (we have high labour, construction and energy costs). Synthetic graphite is not only cheaper but also widely considered superior in quality to natural graphite in anode applications.

My points is this... There is a reason this stock is 11.5c and not 50c, taper your expectations and speculation. Yes the budget outcome is good, but we still need more to turn this boat around. It's hard to see uSPG prices ever making a recovery to the DFS level, hence the pivot to boosting upstream operations. And I imagine we will double down on this pivot if we are to get this thing up and running in our life times.

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I guess this is exactly why the West is so far behind China in the critical mineral Ev and better game. Because it won't make a buck today, better not invest and build. Better just dig it out and ship, then buy back the garbage later at 5x the price.
Australia could be a powerhouse and so rich is we had the right mentality. Instead a few billionaires and the rest of us peasants eating imported toxic foods while we export all our premium stuff. Let's hope it can turn around a bit in the future

RNU Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $142.4M

Open	High	Low	Value	Volume
5.5¢	5.9¢	5.4¢	$170.2K	2.999M

Buyers (Bids)

No.	Vol.	Price($)
2	155196	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	313507	2

View Market Depth

No.	Vol.	Price($)
2	155196	0.056
1	5000	0.055
3	102500	0.054
2	50000	0.053
7	687999	0.052

Price($)	Vol.	No.
0.058	9507	1
0.059	306046	2
0.060	142500	3
0.061	200000	1
0.062	98604	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

RNU (ASX) Chart

I guess this is exactly why the West is so far behind China in...

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