Sophisticated investors got in at 27c so for sure it will be passing that at some stage.They are not stupid.Its just the wars and downturns have put us a year or two behind.This is a 40+ year world class asset sitting in the bottom 25% cost curve in a safe jurisdiction.Its virtually shovel ready,graphite prices are starting their upward move and a supply deficit is on the way.The IRA has guaranteed anode producers will be looking fo an ex China supply fitting the above requirements and we are the next cab off the rank. Whist I have done well with graphite resources in the past and with DRO at the moment I fully expect RNU to be my best long term investment.I am not ramping as I have no reason to and it won’t do anything to the share price anyway.What will give the SP impetus is confirmed offtakes which I expect will happen soon. So Dazza and others it’s just a matter of time before the smile will be back on your dial.All my opinion of course and do your own research.
RNU Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
