Agree mostly,
But now if they do decide to drop their rot and invest they would be buying in at a price that is reflective of the level of de-risking this project has undergone.
RNU will not be heavily diluted due to the government's $185m.
The ore body is practically perfect...and still open
The jurisdiction definitely is perfect
The Macro outlook for the project over the coming decade/s is is also next to perfect
This along with a couple of other ASX investments will change many peoples fortunes, for not a lot of $$ down I see it as less risky than trying to do a subdivision or property development with the exorbitant prices of land at the moment.
For now as Charlie Munger would say the money is to be made in the waiting, because "in my opinion" this project is damn close to being a done deal save for a global calamity in which case it wont matter where you have your $$
One thing is for sure you can stick your "African Investment" where it shines least
IMHO
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Last
9.8¢ |
Change
0.005(5.38%) |
Mkt cap ! $249.0M |
Open | High | Low | Value | Volume |
9.5¢ | 10.0¢ | 9.3¢ | $831.2K | 8.461M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25900 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.098 |
2 | 200459 | 0.097 |
2 | 311984 | 0.096 |
2 | 197316 | 0.095 |
1 | 100000 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 100000 | 1 |
0.105 | 907850 | 16 |
0.110 | 416458 | 12 |
0.115 | 434777 | 8 |
0.120 | 2135199 | 13 |
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