RNU renascor resources limited

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19,265 Posts.

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27/05/25

19:06

Post #: 79209970
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Originally posted by Mallyrock: ↑

Unworthy indeed.

A report came out a few days ago that democracy is in crisis in Tanzania. It seems to me that until their election passes (28 Nov 2025), without incident, investor sentiment may wane significantly as the year unfolds. See: Tanzania’s 2025 elections: Democracy in crisis amid repression and public discontent

You have an opposition party barred from election, media gagging and an average civilian age of 17.5 years who are discontent in a worsening economic situation. It could be a Mozambique-style situation developing that SYR is still faced with. Who knows if they will keep their Mining Licence.

So, as Tanzania awaits the 2025 elections, the stakes are high! It remains to be seen what the election campaign period will look like for the opposition, and if grassroots movements will cohere into a broader political force. Also, let's not forget that China exerts significant political influence in Tanzania, including through political party training and 'elite capture' programs. Tanzania perceives China's engagement as overwhelmingly positive, seeing it as a preferred development model and a more influential force than the United States, UK, or other international organisations.

Australia, by contrast, has just exercised another free and peaceful election. It knows its direction and with a number of key policy initiatives and strategies designed to entice investment, and create an alternative and resilient supply chain not tainted by China's influence, RNU could be just the catalyst of a lot of international investment.

All IMO, DYOR, GLTA(patient)H

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Hi Mally, why does the govt need to provide all these incentives if the RNU product is in so much demand? Oh that's right, no off takes. Strange isn't it. Do you think it's just the price that's the problem? Others with supposedly higher Opex costs seem to have off takes, any thoughts on why POSCO seems to prefer African graphite?

RNU Price at posting: 6.6¢ Sentiment: None Disclosure: Not Held
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Last 6.7¢		Change 0.008(13.6%)		Mkt cap ! $170.3M

Open	High	Low	Value	Volume
6.4¢	6.9¢	6.4¢	$509.6K	7.683M

Buyers (Bids)

No.	Vol.	Price($)
1	70922	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	161196	3

View Market Depth

No.	Vol.	Price($)
2	70740	0.064
3	68900	0.063
2	1100000	0.062
5	246786	0.061
7	371333	0.060

Price($)	Vol.	No.
0.067	161196	3
0.068	439996	5
0.069	168286	3
0.070	438107	8
0.071	122000	2

Last trade - 16.10pm 13/06/2025 (20 minute delay)

RNU (ASX) Chart

General Discussions, page-35498

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General Discussions, page-35498

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Sellers (Offers)

Featured News