RLT (ASX) Renergen General Discussion

Originally posted by dennistheron: ↑

The following YouTube video is hot off the press. It's an interview with Stef Marani by Alec Hogg, founder and editor of http://Biznews.com, media entrepreneur, writer and broadcaster, business keynote speaker. He is a high-profile person who covers big economic events.

This interview takes place amidst the backdrop of THE FOLLOWING FACTS:
Renergen’s story about turning a Free State helium and natural gas deposit into a massive profit generator attracted a horde of retail investor fans who have been left disappointed because in recent months Renergen’s share price has fallen 34% and at its current R27, is a world away from respected small cap analyst Keith McLachlan’s R67 valuation. The stock returned to earth after its pilot plant’s production deadline was missed - first because of Covid-lockdown related delays, then by a faulty oil heating system. CEO Stefano Marani has also had to deal with a cold shoulder from controversial mining company Ivanhoe, and leaks in Australia that aborted a capital raising exercise which gave rise to a halt in trading on the ASX.
In this interview CEO Stef Marani explains why he's still upbeat because on the upside, he reckons the glitches have all been dealt with and expects the pilot plant to produce its much delayed first helium soon (“not months”) - triggering funding of a massive $1bn commercial plant (half via the US government) which will potentially transform the company. Stefano spoke to Alec Hogg of BizNews.

Having followed very closely what has been happening with the Renergen project for over 2 years (I am a retired professional engineer living in South Africa with 90% of my share portfolio invested in RLT), I share the confidence and excitement of the Renergen staff (some of whom I know personally, Stef being one of them), that the Helium switch-on will finally be a reality very soon which will be a massive game changer. I do believe that with the massive production delays due to Covid and the fact that the recent attempted Helium switch-on failed because of an ancillary part (the oil temperature control apparatus which was incorrectly installed) investor sentiment has been badly eroded, and Stef has very unfairly had to bear the brunt of all of this. I know that very soon all those investors who have been highly critical of Stef and the company will wake up and realize that their mistrust has been completely misplaced. I have experience with large mechanical and I happen to know that the highest standards of quality control have been implemented at the Virginia Plant in spite of the recent fault that prevented the Helium switch-on which is absolutely normal in a plant of this magnitude and mechanical complexity.

I am not at all fussed by the recent price slide (which has provided such a great buying opportunity) because I know what lies ahead and am prepared to put my head on the block in defense of what I know. For that reason, I am happy to counter all the negative stuff that is out there because I see that as a way to demonstrate my faith in, and loyalty to the company as well as a means to encourage those who share my faith and confidence.

This is the link to the interview which everyone with any interest in RLT should watch and hopefully find insightful:
Copy and paste the following URL into your browser
www.youtube.com/watch?v=hYDtnhaPCSs

Expand

Thanks for your thoughts and reinforcements.

I see SM comments at around the 15-16m mark of the interview with regards to listing on the ASX as being quite naive - 'you only find out about these things after your listed, etc, The asx listing rules are well and truly there at signing up to be listed. This is not the sort of comment breeding confidence that SM is capable of running a multi billion $ company moving forward. Is it time to hunt for a top notch CEO to lead us forward, or is it just a flippant slip?

No.	Vol.	Price($)
1	1000	80.0¢

No.

Vol.

Price($)

1000

80.0¢

Price($)	Vol.	No.
84.0¢	400	1

Price($)

Vol.

No.

84.0¢

400

No.	Vol.	Price($)
1	1000	0.800
2	6800	0.750
1	15000	0.730
1	1612	0.620
0	0	0.000

No.

Vol.

Price($)

1000

0.800

6800

0.750

15000

0.730

1612

0.620

0.000

Price($)	Vol.	No.
0.840	400	1
0.875	1261	1
0.895	2500	2
0.970	2000	1
1.000	7139	1

Price($)

Vol.

No.

0.840

400

0.875

1261

0.895

2500

0.970

2000

1.000

7139

(20min delay)
Last 83.5¢		Change -0.005(0.60%)		Mkt cap ! $25.32M

Open	High	Low	Value	Volume
82.5¢	83.5¢	82.5¢	$21.73K	26.33K

Renergen General Discussion, page-769

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Renergen General Discussion, page-769

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News