Since I and I imagine a few others here live and breath RNU it is not surprising that some of the brokers get a few things wrong. They are probably covering lots of companies and don’t have the time to give to individual companies. Having been involved in lithium (mainly GXY/AKE) for a decade and RNU for 5 or so years you don’t see many that get it all right. None of the lithium experts picked what happened to the lithium price even in the months before it took off a year ago. Many expected an over supply for years to come. A few have just started predicting the graphite price to rise but very few seem willing to put a figure on it. As I have mentioned before, the African resources could be unpredictable and who know what games China will play as they current own the whole PSG market. Prices could rise nice and steady or they could go absolutely ballistic, I don’t see any other option. Not sure where the 90 Siviours needed to meet demand can come from. Of course there is artificial graphite but it’s production is not quick, easy, cheap or green, but it will come into play if prices go mental.
RNU Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
