Renascor have such an advantage being in a tier one jurisdiction and a close to surface horizontal trend and the rest..... This reported today. Walkabout Resources Perth based junior who has a graphite mining operation in Tanzania (East Africa) has gone into administration. They shipped their first graphite concentrate in June, then regulatory and logistical problems in Tanzania stalled the ramp up. It was reported that port congestion and logistical delays and government inspections & verification sampling meant that only part of June & July production was exported before end of the quarter. Logistics costs more than 50% higher than Definitive Feasibility Study as the shipping plans through a nearby port were scuppered by a booming cashew industry that hogged the port space. Renascor Siviour Project will be very well planned, progressed and delivered and we will have the luxury of security in the bigger picture. I am looking at the current situation as an opportunity. GLAH.
RNU Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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