With the operations at the stage it's currently at, what would you think SP should be?
Whilst disappointing it's gone down so much the reality is graphite isn't super popular on the ASX. This why pretty much all the comparable players have gone down also.
I think what's hurts RNU the most is just the lack of news and timeline. You don't really know what's going on and have no idea when the next stages are supposed to happen.
Unfortunately no guarantees with RNU. They have the goods but as we've seen with companies like CXO a few missteps can turn things down a bad road.
The upside is obviously there. Demand for graphite and demand for graphite outside of China will increase considerably. RNU is ahead of most players around the world but as I said last year it's probably 2027-2030 before RNU can really flourish.
If it does flourish 9c would be nothing but who really knows
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