Basically couldn't of had a worse year LNG running at about 14% capacity over the year and no helium production if I calculated that correctly.assuming caoacity of 50 tons per day for the LNG.
At the end of the year about an R110m loss = AUD9m but given the MGE investment predominantly there is still about R470m in cash = AUD38m. Plus potentially another R450m for 4.5% of Tetra4 soon or about a further AUD37m cash injection soon.
So only way is up if you assume the Phase One plant couldn't of performed worse and Renergen now well cashed up and ramping up the plant and moving towards Phase 2 and the Nasdaq listing.
Renergen General Discussion, page-2870
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