"If I was in that position, I'd be working on everything getting us ready to sign binding off takes and get the mine going once things turn"Exactly what he is doing.
They can't control China and the graphite price, but they can be ready to seize the opportunity when things turn.
So ask yourselves:
- are there any macro reasons, analyst reports, forecasts, political, or environmental reason why things won't turn?
- are there any macro reasons, analyst reports, forecasts, political, or environmental reason why things will turn?
Depending on how you answer the above, is the reality of what will happen to the RNU share price in the next 12-24 months
from here.
Never ceases to amaze me how many HotCopper people think a share that a small cap miner going gangbusters is a good buy, and one that is down and out of favour is a bad buy. Things change at the drop of a hat.
> What usually happens when you buy a small cap miner after it has gone gangbusters? (RNU did this, and the company was smart to raise funds then putting it in an amazing position now).
> What usually happens when a company is trading at oversold levels, with loads of cash, at multi year lows, and news comes out or the macro changes?
