https://dailyinvestor.com/investing/41006/renergen-will-go-bankrupt-or-need-regular-equity-raises-analyst
Cilandia Capital activist investment manager Albie Cilliers said Renergen would eventually go bankrupt or need regular equity raises, and it is a share for gamblers and speculators, not serious investors.Cilliers has previously accused Renergen of running a comprehensive public relations campaign, which created a misleading perception about its helium production.Concerns were raised following Renergen’s interim results, which showed it only generated R23.76 million in revenue with a net loss of R43.5 million.What stood out was that all the revenue came from selling liquefied natural gas (LNG) to two customers. Renergen CEO Stefano Marani confirmed that they had not sold any helium during the reporting period.
Renergen will go bankrupt or need regular equity raises – analyst
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