RNU 2.53% 7.7¢ renascor resources limited

RNU chart, page-1589

  1. 8,472 Posts.
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    Whatever value one assigns to RNU is market driven and markets are driven by people selling/buying. RNU was trading at a tenth of what it is currently trading at and as such had a stellar run since Oct '21. The value that an individual assigns to it is not necessarily where the company will be trading at. You may think it's overvalued, others disagree.

    No, RNU hasn't yet made a single penny as far as producing but is on the way and given the size of the resource which will increase with further drilling and design throughput upgrades showing obvious demand for product, it does appear that it has potential to become a major producer in time - not, not yet, but in time. That potential and the expectation of reaching production status should drive sp higher. Some are already thinking dividends - not yet, but in time.

    Being a growth stock it's bound to have growing pains and painstaking as that may those looking at a longer timeframe should do well. Of course no guarantees but inground resources are worth millions and once harnessed the company will be worth much more than current MC.

    As always, approval processes can take ages but any hurdle overcome derisks projects. Derisking step by step - next step due shortly.

    If one compares RNU with other stocks and one finds the others more favourable then by all means migrate funds to wherever that may be - that in itself does not change RNU or it's aspirations or existing holders' views. Opportunities exist, take them whenever they present themselves - surely those holding here see an opportunity right here - and some holders have a lot at stake.
 
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Last
7.7¢
Change
-0.002(2.53%)
Mkt cap ! $195.6M
Open High Low Value Volume
7.9¢ 7.9¢ 7.6¢ $246.2K 3.157M

Buyers (Bids)

No. Vol. Price($)
6 534076 7.7¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 132663 2
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
RNU (ASX) Chart
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