RNU renascor resources limited

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5.6¢

never say never, if those prices were seen before then they...

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pa-one

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15/05/24

11:49

Post #: 73833265
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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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never say never, if those prices were seen before then they could be again and yes you are correct we do need to see that demand come back , which I personally believe is coming back... slowly

was watching the Steve Jobs movie the other night ... it reminded me that he was way ahead of the curve and it took awhile for the rest of the world to catch on......

a graphite mine in a tier 1 jurisdiction ....

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

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