Well, I have been in & out of more things than RNU in my lfetime (I am not going to reveal that here), but this thread really needs to be read from start to finish to gauge the sincerity and, honesty of posters on this site. It really is revealing to say the least.
https://hotcopper.com.au/posts/53355788/singleFor the time being, I am IN and not OUT ! (Hey, that is ASX:RNU).
I feel for those posters who believe that a 'magic wand' can be waved the day after they buy in. It is obvious that they do not understand the process from being a Explorer to becomming a Producer. Perhaps the chart below might explain that to the lesser knowledgable posters on this forum. I also thank those posters who do have knowledge gained through experience & education for their contributions, I dont need to name them, their Stats on this sire reveal who they are.
After all, knowledge is the only thing that can NOT be taken from Man.
Consider this chart below, nothing happens overnight, and SP follows accordingly.
Here is the link below for those who have just a tiny bit of patience to see what Renacor are up to, the challenges that face them & their earlier reasoning for overcoming those challenges.
During the submitted PEPR, expect numerouns challenges, it is important for those W/Coast Residents to do so, after all, they live there.
The following link will lead yo to all thos earlier submissions & challenges, it is not in a walk in the park.
https://www.energymining.sa.gov.au/minerals/mining/mines_and_quarries/siviour_graphite_projectHowever, having said that, I do believe that where there is a Will, there is a Way, as opposed to earlier comments on this thread stating that they are OUT, Renacor is going nowhere. I have differing thoughts to that emotional comment !
In the link above, you will find the submissions of opponents to this project, sorry that I have previously stated that it was in fact the Arno Bay Ratepayer & Residents Association (and someone chose to get my post deleted, it maybe that BB has a twin Brother on this site); it was in fact a Submission from Tumby Bay. Just read all the .pdf files and you will get a better insight.
My greatest concerm is, how will the PEPR handle the Chrysotile? Is anyone here old enough to remember Wittenoom. Australian Blue Asbestos? I do, been there done that & still alive, unfortunately for many friednds, they are now struggling.
An image below of my Wittenoom Certificate, but, I had to leave in a hurry due to an approaching cyclone ~ 1972 + - Wittenoom has a very bad history, as there were never PEPR's in those days !
ASX:RNU will be challenged on numerous fronts with their PEPR, and rightfully so. However, the structure of Siviour reveals to me that thay will be able to overcome the flat lying Reserve and avoid any such structural occurences of distrubing the Chrysotile, there a couple of low zones of faulting in the region, that should be overcome with further shallow drilling.
However, just check out a little bit of oppostion to the project, perhaps that might have suggested that the original poster here "dumped the dummy"? I dont believe so, I think that poster read any of this material before jumping in head over turkey.
The above link is invaluable ! It really does highlight the complexity that will previal with the RNU PEPR, it will not be solved overnight, so be paptent ! So for anyone expecting Ann's of the "Boom Boom" nature, go do as my Late Father encouraged me to do ....... "Son, go put your head in a bucket of water three times and, pull it out twice if you have come to your senses". Yep, he was a Educator at Adelaide Uni ...... way way back.
Go read the articles on that link, after all, it is the Govt link, dont be frightened, it is all there.
In concluding, and from my 50+ years of life, and, surviving, I do believe that we have mechanisms that will overcome any and most forms of risk to the future of Siviour at Arno Bay.
I am still IN not OUT .....
But above ALL things, be patient ALL Long Term Holders, Arno Bay is a Challenge, none better than RNU to achieve a positive outcome.
Please DYOR ....... the challenge is in the link above.
GLTAH.
(20min delay)
