There's high quality stocks in the battery mineral sector, with off takes, with mines, with plants, producing and shipping, and their SP is 1/2-1/3 of a couple of yrs ago or earlier. What makes you think RNU would be immune to this sector wide drop if they had xyz offtakes etc.
The sp might even be lower than today, and the posters would be saying 'we should have waited till price recovered before building a mine'.
As a general comment, if you don't know what's going on with the battery minerals sector and materials in general, and other macro events unfolding to lead to the current sp, then you need to get the head out of the sand
If this is such a dog, then it's going to zero, you best sell up and stick it somewhere else. There's not much management could have done to avoid this, and currently keeping cash to advance things in this lul is really the best move they have. The emotion on stocks is crazy, when it's green and green the euphoria is insane. When it drops down, the doom and gloom is equally crazy. Sit down, take a reality check and keep an eye on your emotions.
RNU Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
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