RNU 4.35% 7.2¢ renascor resources limited

Ann: Results of Meeting, page-11

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  1. 3,058 Posts.
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    It would be great to see it back to $0.024 by days end, but that’s not going to happen; at least not today.
    RNU are now owners of Siviour and DC gets his PR if he meets his targets.
    The PFS demonstrated confidence in their ability to mine Graphite economically. All the metallurgical testing completed in the past 12 months has been a pre-cursor in the lead up to today’s announcement showing potential customers what RNU has by way of a quality resource; and now they own it. I expect beyond the economics and with the “DFS” to come confirming and improving on the “PFS” economics, I will be watching very carefully now for further information on offtakes. They have been planning for some time now and I think the smell of money just got stronger.
 
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