The Company is undertaking steps to raise capital to fund its...

The Company is undertaking steps to raise capital to fund its 2024 financial year business plan and budget. (Will be interesting to see what they are planning next)
The Board and management believe the Group's outlook is strong through First mover access to a green hydrogen ecosystem with the Tasmanian locations providing statewide coverage and targeting first production mid -2025. (2 years until revenue from Hydrogen investments?)


Receipts from Customers for the year are Nil therefore RNE's +$2.295M investments in Uniflow (unsure of amount) Allegro, Vaulta and Enosi have produce zero income?
They were supposed to complete further $250K investment with Vaulta on or before the 13th October to take total to $1M 20% interest! Finding $250K to do this might prove difficult...!
The $150K At the Market Raise with Acuity Capital (assuming this hasn't been counted already) and the first $300K Towards Net Zero investment plus $335K cash they have doesn't give a lot of wiggle room to dish out further $250K for the 4th Tranche in Vaulta.

Investee companies
•Origin Energy acquiring a 5% equity stake in battery technology companyAllegro Energy for $4 million resulting in a revaluation of the carrying value of theGroup’s 4.86% interest to $3, 398,752 which was achieved at a cost of investment of $545,000.
•Increasing the Company’s portfolio of investments in Australian renewable and clean energy ingenuity to five through an agreement with battery casing technology company Vaulta for the investment of up to $1 million and an interest of up to 20% ($750,000 invested for a 15% interest at the date of this report).
•The investment of a further $1 million in Enosi for a cumulative 14% interest. Enosi’s Powertracer product
provides a grid -scale platform for 24/7 clean energy traceability.

IMO and DYOR