So SMZ at 30% we are only producing revenue of about 2 mil aud and to continue to have sufficient funds to make an additional quarter we need around 4 mil aud. Renergen truly are on the edge of a precipitous cliff! Cash flows expected to improve with the completion of the Performance Test and commercial production of helium. Something we have all been expecting for the last 2 years but failed to realise. If it doesn't happen then there will be serious consequences unless Stef can find alternate financing ie sale of the additional 4.5 % of Tetra 4, another Capital Raise or another Bridging loan. It has to happen or else I believe there is a real chance of liquidation/sale.
RLT Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
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