About two weeks from the AGM where they are seeking approval to buy back shares. To do that if they so choose they'll need another batch of cash maybe R450m = AUD37m for another 4.5% of Tetra4.
They seem adamant the nasdaq ipo is still on track for about September? Does this mean the helium production is progressing well on Phase One or Phase Two goes ahead with an approx Sept nasdaq ipo regardless of some remaining teething problems with the Chinese plant? Remembering the pilot plant is tiny versus Phase 2 which is about x14 the scale..
Bearing in mind the bigger picture of the world and in particular the US Govt (DFC) needing the helium for US industry in a timely manner by 2027..
If a share buyback does happen soon that could explain the at times unhinged and misleading stuff on twitter by potential shorters about to be up against a large bank with potentially tens of millions at their disposal given the nasdaq ipo and a Renergen share buyback potentially to short squeeze them
Renergen General Discussion, page-3016
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