RNU chart, page-77

No ASX query bodes well for next weeks run.

Speeding tickets are given out when shares go up or down seemingly without any explanation. However, in the last few weeks, Renascor has disclosed information to the market on the progress of their Battery Anode Material offtake agreement (which I still believe is a world first, outside of China, to work directly with an Anode Maker) and an imminent gold / ‘IOCGU’ drilling program. Both were first announced months ago. None of which moved the share price significantly.

I think most long term holders will agree that we have become nonchalant to such price sensitive releases. So when RNU finally does go up on weighted volume, we’re all understandably pleasantly and maybe even surprised. However, the ASX can see that disclosures are being met. Therefore, the only conclusion one can draw from all of this is that the share market is stubbornly fickle.

In this moving sector, every punter believes that their stock is ‘flying under the radar’. Well, that old adage is often overused and not always appropriated correctly but it is here.

Long way to go for fair value. DYOR