As a long time investor of Renergen I certainly wouldn't like to be considered someone who has pumped the share price. I have followed the announcements and invested believing that helium would be produced a lot earlier than now to my detriment, probably similarly to everyone else. In the terms of my financial future I have a significant amount (in relation to my personal finances) tied up in the company. My investment is simple; you have a country that has a significant shortfall in LNG (power in general) and a world that has a significant shortfall in helium. You have a company that has a proven resource in a geographical area that diversifies risk and is available to almost all areas of the world.
When the OEM was selected in relation to Phase 1, management received confirmation that they were more than capable from the DFC, independent experts and others. It is apparent that this hasn't been the case. The OEM still have a contractual obligation of 18 months from now should further issues occur, however fingers crossed it won't be required. I am sure management would have a different opinion now, however would not be in a position to voice it.
As SMZ has alluded to -253 degrees isn't far from -269 degrees and 99.995% to 99.999% purity isn't that far away either...
It's been a long wait, however I am confident now in my opinion with some financial cover a blue sky awaits.
RLT Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held
