RLT - Renergen Limited

[System]

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).

Renergen was listed on Johannesburg's AltX securities exchange in June 2015 as South Africa’s first listed alternative and renewable energy company.

Renergen's principal asset is its 90% shareholding in Tetra4, which holds the first and only onshore petroleum production right in South Africa, giving it first mover advantage on distribution of domestic natural gas. The production right was issued by the DMR and is valid for 23 years. Tetra4's Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg.

Following the DMR's award on 29 September 2017 of an Environmental Authorisation to construct all mid-stream and downstream facilities, Tetra4 has met all regulatory deliverables and contractual award of the New Plant is expected by June 2019, followed by completion and commissioning within 21 months. Tetra4 intends to decommission the compression station and begin exclusively producing LNG and liquid helium once the New Plant is operational.

Tetra4's natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power.

The gas fields are situated in an energy scarce area, with high customer density and limited competition. The natural gas resource contains one of the richest Helium concentrations recorded globally.

It is anticipated that RLT will list on the ASX on 31 May 2019.

http://www.renergen.com.au

 

[Miner]

I am sharing some additional updates on this stock. It receives some good hits and on Friday the price ade was nothing for the last three days.
Read in another money newsletter. Was cynical but reading the details given there and reading the last few ASX statements, thought to throw my hat in the ring for a small amount. For a day my gamble paid off. Now, wait and see.
Surely other punters have noticed this and would like to learn from your thoughts.

https://www.asx.com.au/asxpdf/20190911/pdf/448f2p6x4lq1v7.pdf - an encouraging statement
https://www.asx.com.au/asxpdf/20190821/pdf/447nvk7lvr3r7k.pdf - this is the most encouraging statement about $40 M investment by US Governmental agency. For them it is nothing but we should look into why they even put that money on this little known company. All about Helium and to have the first right through negotiation.
https://www.asx.com.au/asxpdf/20190717/pdf/446pb32f5k3hp0.pdf

 

[barney]

thought to throw my hat in the ring for a small amount.

Still on the UP today …… Good pickup Miner

Currently $1.145 (up 11%)

 

[Miner]

Still on the UP today …… Good pickup Miner

Currently $1.145 (up 11%)

Fluke works

 

[barney]

Fluke works

No need to be modest

Finished up 17% for the day on the high of the day on healthy Volume.

Plus there are virtually no Sellers left in the queue. I think you might be on a winner here Miner … could be your shout

 

[Miner]

No need to be modest

Finished up 17% for the day on the high of the day on healthy Volume.

Plus there are virtually no Sellers left in the queue. I think you might be on a winner here Miner … could be your shout

Thanks Barney.
I sold out it with good profit (like a trader which I am not) and then re-enter to minimise the regret level should it come down tomorrow.
Good sign today that its investors encashed the convertible bonds into shares . The bonds were 15% interest. Conversion was at 78 cents and the price on market was $1.2. Whereas the CEO was excited to state 15% savings but in reality the investors got cheap shares

 

[Swervin Mervin]

Not much activity on the RLT threads for a while. These guys are well into a large drilling campaign and the ASX keeps putting up the Anns as non price sensitive so its still under the radar of a lot of people. I think people don’t understand what RLT are doing. They’re basically drilling into an area where they know the helium is there it’s just a matter of how much. And in one of the vids they compared the helium concentration to a gold company hitting a 1000g/t sweet spot. See where it is in a month or so but I don’t think the closing price will be anywhere close to $1.34

 

[Swervin Mervin]

Then they released the Cryo-vacc. It won’t be long til a pharma or logistical company take this idea up.

 

[greggles]

Not much activity on the RLT threads for a while. These guys are well into a large drilling campaign and the ASX keeps putting up the Anns as non price sensitive so its still under the radar of a lot of people. I think people don’t understand what RLT are doing. They’re basically drilling into an area where they know the helium is there it’s just a matter of how much. And in one of the vids they compared the helium concentration to a gold company hitting a 1000g/t sweet spot. See where it is in a month or so but I don’t think the closing price will be anywhere close to $1.34

Bam! Now that's a breakout. It was fairly obvious yesterday that RLT was about to break out, moving up strongly to previous resistance on high volume and finishing near the high of the day.

This was announced on Wednesday:

Nice positive news for RLT. If all goes well, the share price should continue to track higher.

 

[Swervin Mervin]

Yes it was a shame I didn’t offload a few last Friday as it’s almost completed its pullback now but with news way overdue on drilling and the Cryovac hopefully it doesn’t drop to much more below todays low of $1.69. There’s a vaccine rollout going on in Africa at present so maybe some news on the Cryovac real soon to get it moving again.

 

[barney]

Yes it was a shame I didn’t offload a few last Friday as it’s almost completed its pullback now but with news way overdue on drilling and the Cryovac hopefully it doesn’t drop to much more below todays low of $1.69. There’s a vaccine rollout going on in Africa at present so maybe some news on the Cryovac real soon to get it moving again.

Yeah it's almost filling that gap back to $1.60

Looks ripe for a rebound higher though!

 

[Swervin Mervin]

Hopefully it doesn’t fall through $1.50 today the selling is continuous! News due anyday really

 

[frugal.rock]

Hopefully it doesn’t fall through $1.50 today the selling is continuous! News due anyday really

Was going to post this yesterday...but decided not to. I think Swervin needs to hear it.
No responsibility for crystal balls accepted...

"Have been today contemplating a breakout/ going for a run pattern that I have been noticing lately.

So for RLT, the gap has filled, however now the shake the tree is due, if indeed it follows this particular breakout pattern (it appears to be).
I'd expect it to breach $1.50, but not go much lower than $1.35ish, (it should hold at 1.40) before going for a run again."

It may need a catalyst again to go for a run, otherwise a slow consolidation may occur or a slow burn...

 

[barney]

So for RLT, the gap has filled, however now the shake the tree is due, if indeed it follows this particular breakout pattern (it appears to be).
I'd expect it to breach $1.50, but not go much lower than $1.35ish, (it should hold at 1.40) before going for a run again."

Pretty close to the money there FR. Today has looked like a shakeout as you said.

Currently $1.39 but Supply looks to be dropping off. Won't be surprised to see it bounce quickly once the tree settles.

Hopefully for Merv's nerves it does bounce soon.

 

[Swervin Mervin]

Was going to post this yesterday...but decided not to. I think Swervin needs to hear it.
No responsibility for crystal balls accepted...

"Have been today contemplating a breakout/ going for a run pattern that I have been noticing lately.

So for RLT, the gap has filled, however now the shake the tree is due, if indeed it follows this particular breakout pattern (it appears to be).
I'd expect it to breach $1.50, but not go much lower than $1.35ish, (it should hold at 1.40) before going for a run again."

It may need a catalyst again to go for a run, otherwise a slow consolidation may occur or a slow burn...

Nice analysis FR! Hopefully it can consolidate now that its bottomed out. Theres some good volume going through still so I think the seller has some bullets left but can’t be to many. Can’t wait for yours and Barneys analysis once it starts climbing towards my $5 target

 

[barney]

Won't be surprised to see it bounce quickly once the tree settles.

Positive news today. SP has rebounded nicely so far. Hopefully ease the nerves a bit @Swervin Mervin

I bought a handful of these myself after reading up on them. Probably about 1% of what you own Merv


Snippet of today's Announcement below: Announcement RLT

Helium and natural gas company Renergen is proud to announce the completion and successful operation of the Company’s first Cryo-VaccTM prototype, which is being presented to South African based media at its headquarters in Johannesburg, today at 10am SAST

 

[frugal.rock]

Positive news today. SP has rebounded nicely so far. Hopefully ease the nerves a bit @Swe

Yep, thoughts have been with you on this one @Swervin Mervin
Have been keeping an eye on it and would take a position also but am all positioned out ATM.

 

[Swervin Mervin]

Positive news today. SP has rebounded nicely so far. Hopefully ease the nerves a bit @Swervin Mervin

I bought a handful of these myself after reading up on them. Probably about 1% of what you own Merv


Snippet of today's Announcement below: Announcement RLT

Helium and natural gas company Renergen is proud to announce the completion and successful operation of the Company’s first Cryo-VaccTM prototype, which is being presented to South African based media at its headquarters in Johannesburg, today at 10am SAST

Goodonya guys yes its looking a lot more positive now that the Cryovac news is out. Hopefully it settles around the $1.50 mark until we get some drilling news

 

[barney]

Looking a lot healthier Merv (@Swervin Mervin )

Chart musings below ( Above that recent Volume level around $2.70 would be well and truly "your shout" Merv, , so I expect)
@frugal.rock
@greggles
@Miner
and myself will all be invited to the house warming party of your new house; when you by it?? ps Don't forget your mates, lol

Good luck with it, I realise you have a bit riding on this one

 

[Miner]

Looking a lot healthier Merv (@Swervin Mervin )

Chart musings below ( Above that recent Volume level around $2.70 would be well and truly "your shout" Merv, , so I expect)
@frugal.rock
@greggles
@Miner
and myself will all be invited to the house warming party of your new house; when you by it?? ps Don't forget your mates, lol

Good luck with it, I realise you have a bit riding on this one

View attachment 120165

Congratulations @barney and all RLT successful investors/punters .
Thanks @barney for including me into your invitee list.
Just let me know when and where to present myself as a party boy (not in the same way they call Party Girl in Vegas )
I do not hold and will not buy because when I as soon as I buy RLT then price will drop - LOL
Enjoy the sunshine