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14/11/24
15:05
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Originally posted by TenX:
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Hi mate. Nothing ever is 100% guaranteed, but I am confident the % chance of it proceeding and being hugely profitable is very high. I listened to a conversation last night with someone I class as one of the best investors out there Stanley Druckenmiller. He said that most investors look at where the puck is whereas he looks for where the puck is going to go. This project is of such high significance to the Australian government as well as the large base of buyers of the end product that there is just no way that this wont proceed IMO. Even if the Aust Government turned around and said they wouldn't financially support I am certain DC would come back from the US with a grant from their government as this would go some small way in filling the gap in the US demand for both graphite and PSG. If this drop in pricing had not occurred and today we were trading at 50c plus, I would be doing what ever I could do gather more capital to add to my position here. Yet instead the price has gone the other way (for obvious reasons) and suddenly people want to exit let alone add to their positions. This China led drop in pricing has been an absolute gift for those that can see past this short term situation. It will create many many multi millionaires on these very threads IMO. 10x
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Warren Buffett says something like: The stockmarket is the only place where when things go on sale, customers run out the store. Retail always do this, and its tough to resist this emotion. This is why you see all the peanuts come out with 'dog stock' and 'sh1t stock' when something is down at lows. It is almost always the best time to buy (as is the inverse - when they are all high fiving and fomo'ing, it's often the best tie to sell). RNU presents a compelling NPV to market cap, supply/demand future market, and nationally strategic investment.