With world events the way they have gone, RNU has done pretty...

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ndp_2010

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08/04/24

08:19

Post #: 73231394
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Originally posted by mattyman174: ↑

"its lack of a trading partner/buyer."

I think it important to note, that as said multiple times in the past by DC, the ball is in RNUs court, waiting for better Graphite pricing before diving into any agreements.

For all we know offtake partners could be lining up out the door, but DC is biding his time because their offers aren't favourable.

The alternative being that there isn't anything at all and in my opinion that just means we are still in over supply, which wont remain as such for long.

It also means that timing would be perfect, we don't want large expenses like an operating mine with unfavourable sales agreements. We want offtake partners feeling the pinch, climbing over each other to get a piece of what we have to offer.

This endeavour is not a short term play. This is a long term foundational plan that would setup the company for decades to come.

The worst thing we could do at this stage is sign ourselves into a poor deal because some shareholders don't know how to sit still. This would absolutely guarantee the company and SP stagnates.

Patience.

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With world events the way they have gone, RNU has done pretty well. Not many other companies with nice cash balances waiting to pull the trigger.
Lots ofof potential out there, hut with possible CR after CR, it's still a minefield.

RNU Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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