To do the "we need news to push this thing up" speech, from what I've dug out of the fundamentals so far the main announcements we are waiting for are:
- a firming up of the offtake agreements (MOUs) from non-binding to binding.
- Announcements confirming that the organisations that have agreed to "in-principle" financing have upgraded to definite financing, on construction of the graphite mine.
You can't really put a timeline on when those will happen, they could happen anytime. Which means they could happen tomorrow or in 6 months (or longer).
Because there's really nothing else that could move the stock up at this point in time, we can probably expect a bit of volatility while waiting it out for this type of announcement.
Could be a bit of a long wait.
General Discussions, page-422
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Last
9.1¢ |
Change
-0.002(2.15%) |
Mkt cap ! $231.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.5¢ | 9.0¢ | $219.7K | 2.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 327651 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 509430 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |