Sounds like they are producing LHe again which for me is the most important thing - hopefully production rates are decent and they can fill the customers containers.
Also very happy to see revenue generation on LNG with what looks like very high margin product ie. Cost related to the product once off with high operating leverage - they don’t require more and more operating staff to produce more LNG/LHe - therefore REN requires production and scale for profit to fall through the P&L. This obviously requires significant once off Capex investment.
Moving in the right direction with flow rates through the plant being the critical metrics and hooking up more wells with solid flow rates to achieve flow and in turn profit. IMO. DYOR.
RLT Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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