RNU

5.38%

9.8¢ renascor resources limited

RNU chart, page-2959

First 2959 Last

Share
Profile

Follow
chrism68

614 Posts.

203

03/02/23

04:36

Post #: 66044125
Share

Originally posted by chrism68: ↑

in some ways this isn't a bad thing. Think if RNU (or any ticker) rerated and jumped to some multiples and the market pooped. If sentiment was high and people were buying further in at higher prices while the market pooped and those stocks corrected, they would have a lot further to fall. For companies not yet earning, the falls could be justified, and recovery could take longer.

I am more comfortable with an SP that isn't purely sentiment based and reflects the progress of the company especially during a downturn.

AZL might be a good example of the hype I'm referring to. In February 2022, it peaked near 16C and currently sits near 7c. There was a lot of hype around Li in US being near Tesla factories and support of large US economy. The size of their resource etc etc. It hasn't recovered (or made progress) since 2022.

Tesla - another hype: was the previous MC justified (~ $400USD/share) and was the fall reasonable? A lot of TSLA's apparent value was sentiment based and that relied on Musk's god like persona. The people see Musk, a few production hiccups and sentiment shifts, SP falls to circa USD100/share. The question with TSLA is: is it still over valued? What makes it the most valuable car manufacturer in the world and will it stay that way when others catch up this or next year? Will TSLA produce more E.Vs than other manufacturers in the next 5 to 10 years? I'll leave that question there, but it doesn't sound plausible.

RNU has circa $140m in bank, access to gov loans and a large proven resource and method to extract with MC of ~ $600b. What would a justified fall during a downturn look like? If the MC was say $1b, what would a reasonable fall look like? My thought is a downturn would not affect RNU SP as much (with current MC) as it's already close to a fair value. Previous comments (that triggered this convo) mentioned 225 which sounds reasonable.

The difficulty for RNU include the fact that the graphite market is opaque and somewhat confused between artificial and synthetic and experts seem unprepared to define a path between the two, with this, RNU is still speculative. Natural graphite is cheaper and cleaner to produce but not as good as synthetic in battery performance. There are other drawbacks to synthetic including access to raw materials. The world currently does not have an alternative to graphite (natural or synthetic) in the anode. This is why I think we need technologies like Sicona's to improve natural graphite's performance. I'm no physicist or chemist so take this para with a grain of salt and DYOR.

Take everything I said with a grain and DYOR. These are my thoughts only, correct or incorrect and open to discussion and learning.

Not sure I have other thoughts to share ATM, but I rest easier feeling RNU SP is not over blown during the prospect of a market correction.

C

Expand

oops, RNU MC is circa 600m, not 600b.

RNU Price at posting: 26.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 1,244 more messages in this thread...

First 2959 Last

Add RNU (ASX) to my watchlist

(20min delay)
Last 9.8¢		Change 0.005(5.38%)		Mkt cap ! $249.0M

Open	High	Low	Value	Volume
9.5¢	10.0¢	9.3¢	$831.2K	8.461M

Buyers (Bids)

No.	Vol.	Price($)
2	25900	9.8¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	15000	0.098
2	200459	0.097
2	311984	0.096
2	197316	0.095
1	100000	0.094

Price($)	Vol.	No.
0.100	100000	1
0.105	907850	16
0.110	416458	12
0.115	434777	8
0.120	2135199	13

Last trade - 16.10pm 12/07/2024 (20 minute delay)

RNU (ASX) Chart

RNU chart, page-2959

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RNU chart, page-2959

Top Stories

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News