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Noturfault

1,621 Posts.

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22/05/21

23:26

Post #: 53354277
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Originally posted by levendful: ↑

Think it will stabilize around 8c eventually, have a feeling the management team pumped up the price so they could get capital raising at the best price possible. I've seen it happen many times before where a flood of news comes in price goes up, capital raising then no news for a while.

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Originally posted by Sweetsound: ↑

The recent high was around 16c back in March - perhaps overshot at the time and retreated substantially since. No one likes to pay 16c and within a short period see it trade at a bit over 7c - can it fall further - yes - but I'm guessing that the recent highs will be breached at some not too distant point - and as I see it, that point should come once project financing is finalized with binding offtake agreements.

Whilst it's currently down, I'm also guessing that longer term it will be a thing of the past subject to hurdles been overcome. On that basis if it retests 16c it already is more than doubled current price - that in itself is a nice return. Those who paid 16c have a chance to average down.

If you can get it even cheaper in the next little while - well and good - the more the puzzle pieces fit going forward, the less likely for that to happen. AIMHO.

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Originally posted by The Chook: ↑

I believe 6.8c is a suppprt level as this is where it bounce off to hit 19.5c, and has recently touched again, I will wait for it to touch it again or refrain from getting under 7c in the nexr 2 weeks before I load up.

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nice to get a trio of first time posters roll into town. Looks bullish

RNU Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $198.2M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.7¢	$230.9K	2.957M

Buyers (Bids)

No.	Vol.	Price($)
7	599832	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	24293	1

View Market Depth

No.	Vol.	Price($)
7	599832	0.078
24	1226607	0.077
13	633860	0.076
16	543805	0.075
8	690500	0.074

Price($)	Vol.	No.
0.079	24293	1
0.080	405395	5
0.081	103797	1
0.082	138004	2
0.083	368000	4

Last trade - 16.10pm 04/10/2024 (20 minute delay)

RNU (ASX) Chart

General Discussions, page-345

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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General Discussions, page-345

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News