Renergen General Discussion, page-2818

gmh, Oh dear, from that article, it seems now the MSM RSA financial press is singing Albietjie's song.

These sentences say it all;

Five years after Renergen’s first deadline to commercially produce helium, it still has not sold any helium.

Renergen has, to date, failed to show that it could produce commercial helium. Instead, it has missed numerous deadlines with more promises every time.

Renergen’s LNG results were well below estimates. It was expected to generate between 48 and 52 tonnes of LNG per day from only its phase 1 expansion. Its quarterly report stated it could only produce 154 tons of LNG from 15 to 28 February, which translates to a mere 11.8 tons of LNG per day.

One wonders how we will ever recover from this lack-of-credibility mess.