Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, Would appreciate your perspective on the recent RNU announcement and corresponding market response. I'd like to understand if the market reaction appropriate and your view on the current share price, value represented and future prospects. Thanks, Phillip
Hi Phillip,
Obviously with the stock initially plunging -30% this week the news wasn’t taken well by the market. While this $380mn business is not one we follow closely everything we have read appears more positive re its Siviour Graphite Deposit in SA than the price reaction implies, but we wouldn’t argue with the tape and it didn’t like the news.
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