This is exactly what I think will happen.
Take a look at ARU. $300M in NAIF and ECA were already in place from the Morrison Government. The Albanese Govt just had their cabinet in Darwin and announced an uploft to a whopping $840M to cover Rare Earths.
I expect we'll see something similar for RNU covering Graphite, The fact they already have the $185M only reinforces this because, like above, the Government already values the criticality of the project (hence the initial funding) and the facility arrangements and term already in place.
This is exactly what I think will happen.Take a look at ARU....
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11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $279.5M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $205.1K | 1.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 1626162 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 11.5¢ | 473947 | 8 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 1091601 | ||
| Last updated 15.58pm 27/05/2024 ? | |||||
| RNU (ASX) Chart |