Fair point but this cup and handle thing got the better of me!
You're right RNU has had a better run than the market over the last week and I do have a chart with support and resistance lines on it, as well as trend lines. The force of the market is still there in the background.
As a long term investor, the price action now seems irrelevant, the moves of a few cents up and down now are only for entertainment. I am sure some traders are making some money off this though, RNU was up 20% last week and already nearly 5% up this week, if you have some play money they are not bad gains for a week. The bigger picture for me is why I will hold right through to production at least.
The PEPR will happen
The updated BAM will happen
The binding offtakes look great given what DC has been up to lately
The FID will be made
The loan and PSG site will get signed up
The work will start at the mine
Big investors will step in and the price action of the shares will be a lot different to what we see now.
all IMO of course
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $304.9M |
Open | High | Low | Value | Volume |
12.0¢ | 12.3¢ | 11.5¢ | $612.3K | 5.092M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 1306336 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 79036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 1306336 | 0.115 |
34 | 1300090 | 0.110 |
29 | 2275200 | 0.105 |
57 | 3029576 | 0.100 |
4 | 149501 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 79036 | 1 |
0.125 | 1524653 | 10 |
0.130 | 1624721 | 29 |
0.135 | 1493408 | 15 |
0.140 | 859118 | 15 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
  |
Change
0.000 ( 4.35 %) |
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Open | High | Low | Volume | ||
12.0¢ | 12.3¢ | 11.8¢ | 2517612 | ||
Last updated 15.59pm 17/05/2024 ? |
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RNU (ASX) Chart |