RNE 11.1% 0.5¢ renu energy limited

Explanation Required, page-34

  1. 2,843 Posts.
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    One Question please Hanabi.

    How much of the 5.23M loss in 2018 was attributed to payments for equipment that have now been paid for and will spend the next 12 months doing what they were paid for to do... make money?

    I'm not arguing and I'm trying not to be guilty of blind faith, but for some reason I can see a brighter future.
    I know I don't quote TA or FA because I don't know how to do that. ASX jargon and Charts are all double Dutch to me.
    But I can see in principle how this can work.

    What you say is true but at some point you need to spend money to make money.
    The last 11 years includes the GDY days and the false hope we were all given for a Geothermal Tech that wasn't proven. I know because I was there in 2003 when we spud Habenero 1 with this dream of changing the world with .... well anyway no need go on about that. But I was drawn into GDY/RNE way back then... so they owe me!

    This time we have a working, revenue producing Goulburn that has been recognized as successful, so yeah I agree with you but I don't
 
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