Thoughts on RNU and Graphite
Hi James and the team, I'm keen to get your thoughts on ASX:RNU and the graphite space in general. Thanks, Mitch
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Answer
Hi Mitch,
Renascor Resources (RNU) is a $600m South Australian based Graphite company that is also developing a processing facility. It ticks all the boxes for the move towards clean energy and they have signed a few important, conditional off-take agreements for their product. They also have a conditional loan agreement in place with the SA Govt for $185m to help with the project. While all of this is positive, it is at an early stage and they have a big funding task ahead of them so keep that in mind, in other words, they will raise capital and after such a strong run in share price, if I was on the board, I would be thinking about it now.
