RNU 4.35% 7.2¢ renascor resources limited

Ann: Siviour Graphite Project Marches Towards Development in 2019, page-24

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  1. 440 Posts.
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    Apologies for missing the bottle of optimism. On Christmas Day, I found my self lost and intoxicated whilst amidst a Netflix-binge of stand-up comedy and an 8-way video call with extended family that I'm not very fond of.


    I read the article and gave Topo a 'like'. I am sorry to play the bad guy, I am long RNU. We know how great the resource could be - but the market thinks fair value is 1.5 cents - clearly that article didn't excite anyone enough. I just wanted to warn SOME long-termers not to keep blindly picking up and to wait for a catalyst event to put a floor on the SP. This could slip under the 1 cent mark just for it to run back to 1.5 cents on the back of positive news. Production is still a ways off (never mind the low-probability of that even happening) and we are on the edge of a bear market too. Many on here have significant holdings but it is just unwise to keep picking up at this point. 


    I'm watching buyers placing orders only for them to be pulled out at the last minute as soon as RNU drops by one tick, similar to the Japanese soldiers led by Tom Cruise in The Last Samurai who flee for the hills as soon as the enemy gets too close. It doesn't look like many are confident that we have found the bottom. I am watching RNU daily like a hawk and am ready to swoop in when the time is right.

 
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Last
7.2¢
Change
0.003(4.35%)
Mkt cap ! $223.6M
Open High Low Value Volume
7.0¢ 7.6¢ 6.9¢ $561.8K 7.777M

Buyers (Bids)

No. Vol. Price($)
3 331813 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 70445 1
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
RNU (ASX) Chart
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