RLT - Renergen Limited

[barney]

One of my "yearly comp" picks. Used to own some of this little stock and made a couple of dollars out of it.

Not currently holding, but if they get all the ducks aligned, it seems reasonable to think that over time, it should appreciate.

 

[Muchado]

I have picked RLT for the yearly comp. Once helium production finally begins and funding for Phase 2 gets sorted there should be some significant appreciation.

 

[Dona Ferentes]

Up a few percent. .was $4 In March last year; now moved from $2.02 to $2.20

Renergen, a natural gas and helium producer, is proud to announce that with the production of first liquid helium at its Virginia Gas Project, it has now become the world's newest producer of liquid helium. The helium module is now operational and being optimised.

"Having the helium plant in operation and producing liquid helium is a truly spectacular achievement by the team who went above and beyond to achieve the major and critical milestone.

All components of the Phase 1 plant are now in operation, and South Africa joins the ranks of only 8 countries in the world to produce this rare and valuable liquid," said Stefano Marani, CEO of Renergen.

 

[barney]

Up a few percent. .was $4 In March last year; now moved from $2.02 to $2.20

Interesting news on this today with approval for a $500 Million dollar loan + another $250 Million from SA Bank. Big numbers!

The market gave it a "nice" thumbs up, but perhaps not as much fanfare as they might have expected? The Close/next few days will be more telling.

 

[barney]

I dipped the toe in for a small interest/re-entry at $1.63

I don't normally buy Stocks worth more than 10 cents, and buying runners is not usually prudent but if they can secure debt funding of that magnitude with a $240 MC, I'd expect at least another 20% SP increase in the short term? We shall see.

 

[barney]

My crystal ball tells me this will be back above $1.70 next week.

 

[barney]

2024 YEARLY Competition Stock pick. (Again!)

Miserable fail in 2023 which cost me a fair slice of moolah

Chart started to move right at the back end of 2023 ..... No longer hold, but if I had spare cash, its getting close to accumulation time.

 

[barney]

2024 YEARLY Competition Stock pick. (Again!)

The early year enthusiasm seems to have been lost ...Mid 90's SP ....... If it ever finds a bottom, the rise could be quick given the apparent long term accumulation that has been going on

Either that or all the "low" Buyers will turn out to be foolish

 

[barney]

Quarterly. SP meandering around the $1 area

 

[debtfree]

Was this Quarterly from Dec @barney ? is there any news of late?

 

[barney]

Was this Quarterly from Dec @barney ? is there any news of late?

Yes the December Quarterly.

Stefano has been very quiet the last few months (only 3 Announcements in the last 3 months) ... Not exactly a good look for the Company considering he was pretty good at blowing his trumpet in the past.

Latest Ann 5th Feb. Investment by Mahlako "completed". Good news but the market want to see some Gas profits I think. Not a share traded so far today!

 

[debtfree]

Thanks for the follow up @barney.

"Not a share traded so far today! " ........ Yes, only a lightly traded stock at times that's for sure.

 

[barney]

@debtfree RLT yearly comp pick (March)

Still very little happening with RLT since last month. SP is still meandering, but looks to be forming a base/consolidation from the recent 80 cent mark. We shall see what eventuates.

 

[barney]

Yealy comp pick thanks @debtfree

Nothing has changed much since last month for RLT

Current Snapshot below.

Cash on hand last Quarterly 470M Rand = approx $25M USD With a market cap of around $124M

I think they will eventually get out of the doldrums but its been a slog.

 

[barney]

Yearly comp pick (thanks Mr @debtfree )

Groundhog day for RLT at present. Chart is not very inviting.

They announced Helium is being produced earlier this month, but still lots of testing etc to be done.

 

[noirua]

Renergen jumps 10% as it appeals to impatient investors on helium delays

Renergen (ASX:REN) has issued the market with an update on its liquid helium plant – explaining why the facility is behind schedule.

themarketonline.com.au

 

[barney]

Yearly comp thanks @debtfree

Chart is really starting to look troubling for RLT. No market interest and a continually falling SP. 1 HAT and 1 RABBIT required soon

The journey has been a long one. Lets hope they can turn it around soon.

Under 74cps will not be a good look ....

 

[barney]

Chart is really starting to look troubling for RLT. No market interest and a continually falling SP. 1 HAT and 1 RABBIT required soon Under 74cps will not be a good look ....

(Yearly comp pick)

Dipped well under that 74 mark to around 62 during the month ..... Still trying to find a low.

 

[Dona Ferentes]

RLT ran from 70c to $1.00 when announced; now 96c
.
the liquid helium production train is now fully operational and accumulating liquid helium (LHe) inventory for sale to our customers, whose Iso-container is scheduled to arrive later this month for filling.

The Company has taken over complete operational control of the phase 1 plant from the original equipment manufacturer who has departed South Africa. Since July 19, 2024, the plant has been producing LHe, initially utilising the output to cool the vacuum jacketed pipelines and the inline helium storage tank to ~ 4.5 kelvin, a prerequisite to ensure that LHe from the Helium separator once sent to storage remains liquid.

The optimisation efforts during the commissioning phase have also yielded impressive results, evidenced by a significant reduction in timelines for the plant start up and cooldown processes. For context, the initial startup and cooldown of the integrated LNG/LHe plant took over 65 days, while the most recent cooldown was accomplished in just 9 days.

 

[barney]

RLT ran from 70c to $1.00 when announced; now 96c

Not a lot of Volume in the sustained selloff last +2 years from $4

$150M market cap ..... 141M shares on issue ...... Worth watching.

If it does go higher (($1.10-$1.14 ?) The initial retrace will give a better picture ..... 89-90 cents ?? ..... 95 cents even better.

Currently DNH.