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$1.02 renergen limited

Or maybe the company can finally inspire some confidence by...

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Puttinfordough

536 Posts.

176

19/12/22

13:32

Post #: 65367326
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Originally posted by Fat Harrys Cat: ↑

Good question. It’s almost capitulation.

A casual observer might infer the company had no assets, heaps of debt, no customers banging on the door and it was run by idiots.
Of course, it is nothing like that.

It’s also located in South Africa which has not (unlike the mob of Marxist’s just elected here) enacted legislation to cap the price of gas.

I guess it’s as KK suggests; investors are so gun-shy they’re staying away from everything, including companies with solid assets. Very, very, very frustrating. Renergen has been the one green, shining star of my portfolio over the past 8 months or so. Now, it joins the ranks of other losers. It’s enough to make one just sell out and put the cash into gold or something.

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Or maybe the company can finally inspire some confidence by announcing that the helium is flowing............... The company was immune to the general market, but investors have now lost confidence for obvious reasons.

RLT Price at posting: $1.98 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.02		Change 0.000(0.00%)		Mkt cap ! $30.93M

Open	High	Low	Value	Volume
$1.03	$1.04	$1.02	$33.39K	32.39K

Buyers (Bids)

No.	Vol.	Price($)
1	4500	$1.01

Sellers (Offers)

Price($)	Vol.	No.
$1.02	50	1

View Market Depth

No.	Vol.	Price($)
1	4500	1.010
1	6292	1.005
2	13000	1.000
1	50	0.980
1	50	0.975

Price($)	Vol.	No.
1.015	50	1
1.020	4137	2
1.025	50	1
1.035	7230	1
1.050	980	1

Last trade - 11.36am 07/05/2024 (20 minute delay)

RLT (ASX) Chart

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