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72.0¢ renergen limited

Sorry the about AUD$90m from the CEF or about USD$60m isn't for...

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SpiderMonkeyZ

4,000 Posts.

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10/06/22

11:07

Post #: 61937106
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Originally posted by SpiderMonkeyZ: ↑

Yeah I think one of the reasons RLT was listed on the ASX was that the ASX was more supportive of small cap stocks than the JSE. Also from memory I heard a discussion where South African investors loved dividend paying stocks or to invest offshore so that didn't leave much JSE support for the small cap stocks on the JSE.

So all going well with Renergen going into production and towards dividends in lets say 3 years that should bring out more of the JSE investors.

Also once Phase 2 funding with debt and equity (equity at least US$310m between the CEF and Ivanhoe = AUD$437m plus maybe AUD$150m in Ivanhoe shares) then Renergen could soon become an AUD1b market cap company noting the threshold is about AUD$1b to enter the ASX300. Not sure Renergen as the primary listing is on the JSE can enter the ASX300 but anyway becoming a producer and getting to a market cap of ASX300 companies should draw attention from a whole new class of investor.

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Sorry the about AUD$90m from the CEF or about USD$60m isn't for shares in Renergen as equity but for 10% of Tetra4.

RLT Price at posting: $3.62 Sentiment: None Disclosure: Held
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Last 72.0¢		Change -0.005(0.69%)		Mkt cap ! $21.83M

Open	High	Low	Value	Volume
71.0¢	72.0¢	71.0¢	$1.204K	1.694K

Buyers (Bids)

No.	Vol.	Price($)
1	1574	63.5¢

Sellers (Offers)

Price($)	Vol.	No.
73.0¢	61	1

View Market Depth

No.	Vol.	Price($)
1	1574	0.635
1	5000	0.630
1	1612	0.620
1	1654	0.605
2	15000	0.600

Price($)	Vol.	No.
0.730	61	1
0.745	20000	1
0.750	5750	1
0.760	681	1
0.765	17789	1

Last trade - 15.54pm 31/07/2024 (20 minute delay)

RLT (ASX) Chart