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Bishkek2017

452 Posts.

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21/10/23

14:58

Post #: 70464241
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Originally posted by RedRooster2 ↑

So important is timing in this transitioning.
Take PLS for example just reading an article that how "exquisite timing" was major factor in the company's success.
They bought Altura out of bankrupcy who got to be a producer gaining finance with a high lithium price then the price crashed and they couldn't cover the finance costs
Then almost at the same time as PLS took over Altura the lithium price soared and there we have the making of Pilbara Minerals Limited.
Great timing!
I think Renascor management who have announced an accelerated plan recently are setting up the company with the same strategy in mind and that is all about the resource and its global price.They have recognised the advantage they have in position and what that will mean to the company if they can emerge with production at the right time and with the best deals, very important factors, they also understand that there is a need to get development moving and they have set about this objective.
Important time for company this next 6 months they can't afford to let the project meander along and I don't think that will be the case.
All aboard I reckon - Good fortune to us.

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RNU should be looking good for a Monday uptick.

These Canadian Graphite Companies below had a pretty good run up on Friday due obviously to the Chinese announcement about the graphite export permitting.
I think that this sort of action will only spur on Western countries to ensure that they have reliable and constant supplies of critical minerals for all their future needs.
I have also attached an article from Reuters on the growth of EVs in the European Union.

I think this all bodes well for companies like RNU and in fact any junior up and coming graphite producer especially located in countries like Australia and Canada.

https://www.reuters.com/business/au...ean-car-sales-rise-september-acea-2023-10-20/

Mason graphite + 28.21%
Nouveau Monde Graphite + 31.69%
Northern Graphite + 25%
Graphite One 7.69%
Focus Graphite +10%

RNU Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
25 Upvote

1 Great analysis

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