"In large capex, extractive industries, you make your money buying when the commodity is unloved and the shares are almost being given away. In my mind, RNU represents this opportunity"
"100% Buy on the dips and have patience.."
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Those who follow this mantra, can make huge profit.
Those who just watch and whinge, change nothing and miss improving their position.
It really is as simple as buy low, have patience, sell high (or hold one of the future blue chip large Aussie miners and enjoy the lovely EBITDA)..
You can't change the past but you can improve the future.
- Even if you bought high like @desertredlion and myself (and probably many others here), you can still improve by not crying over spilt milk (@Novacastrien) and loading up when low. Then be patient.
What is low?
You won't get it exactly (unless you are @josephskw and @itsaduster haha). My recent purchases range from 7.4 to 8.1.
Will it matter? not really in the scheme of things. What matters is you buy up around the lows while you can. These opportunities don't last. Institutions love these times, they love it when you don't. That's why they call it 'accumulation'.
But you know we are in the 'range' of the lows. The cash backing, project stage, and the current graphite price pretty much dictate we are around lows now. One other sure sign is the impatient whingers start bagging the company and the progress.
David and RNU are very cluey people and have a lot of their own skin in the game. They want to progress when the time is right for maximum opportunity and profit. Smart, and will pay off larger for shareholders.
A little bit of patience and trust in the direction of graphite price and demand, with a sprinkle of geopolitical trade, and we will see this valued at closer to a future P/E of circa 10+ ($363M EBITDA).
Back of a napkin calc tells me that post capital requirements, in due course post production, this should see about a 15x increase from here.
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