RLT CHART, page-25

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SpiderMonkeyZ

3,833 Posts.

922

02/06/21

15:18

Post #: 53596015
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Originally posted by Manabouttown: ↑

Yeah it’s stalled from a bounce at your posting about 4-5%, on such shallow volumes. If you have a tip how can we pick these dips on the less than average volume? Near impossible imo.
Well said, The SP action is very healthy indeed, there is NO sell off, it would be far too dangerous too short.
The drills have doubled on-site, contractors and Renergen drillers.
Reported via a site visit from an investor in SA, 180 contractors onsite assembling. Reported via our CEO Mr Marani we are down too electricals and pipeline connection. All helium SOLD. Majority LNG SOLD.
This Phase1 I looks well ahead of schedule.

Not months upon months or years to wait for Renergen to be the only LNG domestic producer to a country of circa 60m. Yet as Mr Marani quietly said during his recent interview at CNBC, ‘the caveat Phase1 Renergen is focused on diesel replacement’
The demand is massive for LNG in SA. At this stage it appears highly likely our announced wells will flow more than previously stated. Then Renergen have been drilling and are quietly confident of hitting more.

Are we then 3x 10x 20x on resources alone?

Ignore the noise, risk is off the table.
Excuse my post in the charts thread, so when I get home on the PC, I’ll throw up my take on the Point & Figure approach I prefer.

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"Not months upon months or years to wait for Renergen to be the only LNG domestic producer to a country of circa 60m."

Also of note South Africa relies heavily on road transport for their freight for which Renergen is targeting LNG as a replacement for diesel

RLT Price at posting: $2.11 Sentiment: Buy Disclosure: Held
19 Upvote

5 Great analysis

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