Australian (ASX) Stock Market Forum

RNU - Renascor Resources

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3.9 cent back in Feb last year.
Nice.

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RNU Renascor, analyticalally tripping into a world of its own, all in good timing of 2022, which sounds to be a boomer year for lithium and battery's. Announced on the 10 Jan 22 that, Commercial-Scale Milling Trials have Delivered Increase Yields. This sounds like a bonus considering their Trials. In the right market at the right time proving a success in share price peeking since the start of the month (Jan).

Recently completed commercial-scale downstream milling trials have achieved spherical
graphite yields from Renascor’s Siviour Graphite Deposit in South Australia in excess of 65%
(versus the 50% yield adopted in Renascor’s Battery Anode Material Study1).

The higher yields, achieved with an industry leading equipment manufacturer, confirm the
ability to process Siviour Graphite Concentrates into spherical graphite products consisting
of a primary spherical product for use in high-volume lithium-ion battery anode applications,
as well as finer spherical products for use in high performance and other speciality
applications.

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Bullish on this one with target price short term of 0.43c on improved volume since start of this year
 
I'd put a 100 to 1 on it! Schemes a good long term Investment! Party Hard! :2twocents
Think of the Long Necks!
:xyxthumbs
 
BAM study results pending.
Trend is up.
Volume is consistently solid.
 
Pretty interesting read here and elsewhere but I fear I'm getting sucked into green revolutionary hype. If I get it right (very limited reading so far) the fed government is supporting this and there are potential non Chinese off-take parties? Also has a new technology for purifying the graphite to high quality anode specs. Situated in South Australia - so low sovereign risk, unlike Africa (Tanzania). Very large resource. Anyone holding it as an investment, i.e for a long run?
It's not a chart that I could buy and I doubt I'm alone as seeing the chart at a critical level. Last week's candle is discouraging. Might be yet another addition to my crash list, probably never to be acted on.

Stockhead listed a few other graphite stocks listed on the ASX: BKT, SYR, RC, EV1, IG6, ITM, BEM,TON, MLS, SGA. Elsewhere I came across EGR.

Not Held

Weekly
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And now a $600+ million company pushing ahead with graphite
Quarterly Activities Report for the period ended 31 December 2022

Significant Events
• Renascor received approval from the South Australian Department of Energy and Mining for the Program for Environment Protection and Rehabilitation for its proposed Siviour Mine and Concentrator in South Australia, the upstream component of Renascor’s proposed vertically integrated Siviour Battery Anode Material Project in South Australia.
- o The PEPR approval permits Renascor to process up to 1.65 million tonnes per annum, which would allow Renascor to produce up to 150,000 tonnes of Graphite Concentrates per year.
- o Approval of the PEPR, which is the second step (following grant of the Siviour Mineral Lease) in South Australia’s two-stage assessment process, permits Renascor to commence the development of the upstream Graphite Mine and Concentrator portion of the Siviour BAM Project.
• Renascor completed a A$70m Placement to accelerate the expansion and development of the Siviour BAM Project, including bringing forward the commencement of construction and operation of the upstream Graphite Mine and Concentrator portion of the Siviour BAM Project .
• Renascor is progressing work on an updated, optimised BAM study that builds on previous feasibility studies for both the Siviour Mine and Concentrator and the downstream BAM facility to produce Purified Spherical Graphite. The optimised BAM Study, which is assessing an increase in Stage 1 PSG production capacity, as well as additional staged expansions of PSG operations, will reflect the accelerated commencement of construction and operation of the Siviour Mine and Concentrator.
• Renascor continues to undertake resource expansion drilling in an area that includes the north-western extension of the Siviour Inferred Resource. The potential extension of the Siviour Mineral Resource in this area is expected to be used to support future capacity expansions beyond those considered in the optimised BAM Study.
• Renascor’s cash position as of 31 December 2022 was approximately $137 million.

Screenshot_20230212-153318_CommSec.jpg
 
It's been a quiet 2023 for RNU as far as new flow goes, but that should change soon.

RNU raised $70 million in December 2022 by issuing 254.5 million new shares at 27.5c per share. This brought the company's cash position to $130 million at 31 December 2023. To quote the company, the purpose of the capital raise was "to accelerate the expansion and development of the Siviour BAM Project, including bringing forward the commencement of construction and operation of the upstream Graphite Mine and Concentrator portion of the Siviour BAM Project."

Drilling is ongoing at the Siviour Battery Anode Material (BAM) Project and an an updated, optimised BAM study is currently close to completion.

I am anticipating good news when news does eventually come, which I am hoping is in April.
 
RNU @ 15c

Chart obviously at a crux level, trying for support but with little sign of encouragement so far.

Recent history of heavy dilution of early shareholders - from less than 1 Billion shares to > 2.1 Billion shares in 4 years and they are still in late stage of planning the processing plant and mine, with I think some purchase of lead items. This is orphan stage of the project and announcing non binding offtake MOUs isn't going to cut it share price wise imo.
They had $129m at end of June Qtr but still spent about $6m in the Qtr and this is at pre-build the mine and plant.
Shoot from the hip commentary but not a stock for me at this stage and with investors sick to death of money burning stock dilutive spec companies

Not Held

WEEKLY
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RNU @ 0.115

Share price continues to deteriorate. Still no encouragement in the weekly chart that I can see, with the August break of the downtrend support line plus break below the trough between the double tops.
The story sounds great as they always do to a numpty and they have multiple MOU offtake interests. Support from the S.A and federal government. Its the further hyper dilutionary risk that scares you off on top of all the things that go wrong in the orphan period of a resource project. The fat tails commodity tipster, James Cooper, is pumping it on livewire - pretty sure he urged his readers into this a while back, but I'm not a subscriber.
www.livewiremarkets.com

Key question… Which critical mineral will China ban next?

As the US Department of Defence positions for supply disruption... Investors should be focussing at Rare Earths
www.livewiremarkets.com www.livewiremarkets.com

Not Held

WEEKLY
big (43).gif
 
Not a stock I know much about, that I recently acquired it in my actively traded account being simply due to market action not anything regarding the business itself, but its up 36.36% today so I'm not complaining.

For those with a longer term view, the sudden jump may suggest something's up? :2twocents
 
Smurf1976 said:
Not a stock I know much about, that I recently acquired it in my actively traded account being simply due to market action not anything regarding the business itself, but its up 36.36% today so I'm not complaining.

For those with a longer term view, the sudden jump may suggest something's up? :2twocents
Click to expand...
greggles said:
It's been a quiet 2023 for RNU as far as new flow goes, but that should change soon.

RNU raised $70 million in December 2022 by issuing 254.5 million new shares at 27.5c per share. This brought the company's cash position to $130 million at 31 December 2023. To quote the company, the purpose of the capital raise was "to accelerate the expansion and development of the Siviour BAM Project, including bringing forward the commencement of construction and operation of the upstream Graphite Mine and Concentrator portion of the Siviour BAM Project."

Drilling is ongoing at the Siviour Battery Anode Material (BAM) Project and an an updated, optimised BAM study is currently close to completion.

I am anticipating good news when news does eventually come, which I am hoping is in April.
Click to expand...

finicky said:
RNU @ 0.115

Share price continues to deteriorate. Still no encouragement in the weekly chart that I can see, with the August break of the downtrend support line plus break below the trough between the double tops.
The story sounds great as they always do to a numpty and they have multiple MOU offtake interests. Support from the S.A and federal government. Its the further hyper dilutionary risk that scares you off on top of all the things that go wrong in the orphan period of a resource project. The fat tails commodity tipster, James Cooper, is pumping it on livewire - pretty sure he urged his readers into this a while back, but I'm not a subscriber.
www.livewiremarkets.com

Key question… Which critical mineral will China ban next?

As the US Department of Defence positions for supply disruption... Investors should be focussing at Rare Earths
www.livewiremarkets.com www.livewiremarkets.com

Not Held

WEEKLY
View attachment 164051
Click to expand...
This little dog came up on a Market Index scan of companies at all time lows with the pitter patter of 65 million feet exiting in the last week at prices which bring it under 10c worth.

A few years ago I watched a vid from one of those stock events run by one of the the Old Spice odour brigade where the SA government was throwing money at small outfits such as this digging for RE.

Does it still have the scent of Old Spice, or perhaps a new invigorating cologne, or is it going to dust?

RNU.png


gg
 

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