RNU renascor resources limited

It has looked for some time, like we've been sold a fake dream...

  1. 5,461 Posts.
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    It has looked for some time, like we've been sold a fake dream here, or a ponzi scheme by some sleight-of-hand merchants.

    If this is such a great project, and on the surface it looks like it is, then the inability to get almost anything done in reasonable time is down to very poor management, or deception - one or the other.

    The cost to build this is going up every day, inflation is killing it, as are recent developments in spherical graphite produced in a lab.

    It has however, provided a long-term very comfortable living for some directors and executives, without them having to do very much, or achieve very much. They must be very poor negotiators, because the global companies that purchase graphite look like they are treating these guys as a joke. Where are the huge off-take agreements, and when will anything be built?

    Gw
 
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