RNU

4.76%

10.0¢ renascor resources limited

Great post, thank you. Let’s remember there is no spot market or...

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2,136 Posts.

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22/01/22

14:22

Post #: 59060850
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Originally posted by Mallyrock: ↑

No small cap an afford to be caught up in the politics of the day. Especially, like some of our African resource counterparts have found out. On the other hand, large organisations like Rio Tinto, Lynas can afford to wear it because they are large enough to be able to absorb losses. Nonetheless, the objective for any company is to avoid the politics wherever possible because as soon as you get caught between a pollie and votes, you can almost be certain that votes will win every time. That remains true for any democratic system throughout the world.

On the flip side, RNU seems to be a vote winner. We have one of the largest resources in the world and are acknowledged as a tier1 jurisdiction with high ESG credentials. This makes us the only graphite project ideally suited to benefit from federal government assistance in the short to medium term. Either, through our in-principal letter of support from the Clean Energy Financial Corporation (CECF) or Export Finance Australia (EFA), as we are the only project in the sector with an advanced in-country resource.

Our leaders recognise that RNU will be paying royalties. So any money they spend on our behalf will return back to state coffers. Also, they can see that life-long Australian jobs will be created, complementary industries will be enticed to set up here and entire communities will grow as a consequence that will in-turn create further jobs, ie, the spin-off benefits are enormous for the entire local economy and as a whole.

All this is happening with the thematic backdrop of the need to secure global supply-chains, incentivise the EV revolution and find better solutions to meet sustainable and clean energy practices. Politician will often make decisions based on the public interest of the day. We are topical and it’s no accident that we are mentioned in the federal government’s Critical Minerals Road Map.

The combination of topical media discussions, our pending regulatory approvals and the need to secur e supply chains and their need to win ‘votes’ couldn’t come together at a more perfect time.

Based on all of my points made above, I wouldn’t be surprised to hear news before too long.

Exciting times!

All IMO, DYOR, GLTAH

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Great post, thank you.

Let’s remember there is no spot market or futures market for the graphite product. So contracts are struck directly based on a number of factors.

Those buyers wanting to lock away a guaranteed supply of product will absolutely be paying a premium, and are happy to do so.

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RNU Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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Last 10.0¢		Change -0.005(4.76%)		Mkt cap ! $254.1M

Open	High	Low	Value	Volume
10.5¢	10.5¢	10.0¢	$132.5K	1.313M

Buyers (Bids)

No.	Vol.	Price($)
29	892440	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	1584251	40

View Market Depth

No.	Vol.	Price($)
29	892440	0.100
2	201500	0.099
6	266571	0.098
10	477764	0.097
9	460856	0.096

Price($)	Vol.	No.
0.105	1584251	40
0.110	1251925	20
0.115	1038761	18
0.120	1565789	23
0.125	1338565	9

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 10.3¢		Change -0.005 ( 1.89 %)
Open	High	Low	Volume
10.3¢	10.3¢	10.0¢	1904494
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