To be honest I am surprised RNU didn’t fall further today.
With Trumps comments of the last few days there is a huge cloud over the IRA incentives and entire EV industry.
At the end of the day DC only has so much power over things and most of the factors that will determine if and when we get FID are out of his control.
Trump could as easily now realise that China has genuine control over what the US needs and instead of marching head on into a trade war he might go to the negotiating table.
This is definitely a period of great uncertainty for RNU so am expecting the price to continue to drift lower from here until something substantial happens.
10x
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