Don’t be put off by this. They probably sold in a January 2018 whilst around $0.04. They may have bought again after 30 June when price has dropped under $0.02. You don’t know and it’s basically irrelevant to the fact that RNU is:
A. 5th largest reported Graphite reserve in the world.
B. A shallow flat lying resource with low Opex. Second lowest with only Syrah lower Opex.
C. High quality Graphite with outstanding metallurgical results for anodes, spherical and expandable Graphite product.
D. Safe supply in politically stable country.
E. Offtake and finance discussions underway.
F. Mining application submitted.
G. RNU owns 100% of the Graphite.
It won’t stay in the ground because it’s so cheap to mine. This is going to happen. Re-read this and conceptualise the future potential.
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4g6+zRXwv+V36rFiGug=
Ann: Financial Report 30 June 2018, page-5
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