All posts were amongst the most upvoted due diligence posts on Reddit (r/asx_bets) within the week they were posted. How has Regis Resources's share price performed over time and what events caused price changes? Why is the Renergen share price shooting higher? Renergen is an alternative renewable energy business with a focus on helium and LNG. Can I suggest a look into the management? Hole in the ground and a liar standing next to it. Considering I wrote and 'researched' my post in the space of an hour, this analysis is probably more reliable. Ideas Financials Technicals . These guys are well into a large drilling campaign and the ASX keeps putting up the Anns as non price sensitive so its still under the radar of a lot of people. Sorry, this post has been removed by the moderators of r/ASX_Bets. Renergen CDI (ASX: RLT) Shares have risen this morning after the company announced two releases this morning.First, the producers of helium and LNG Statement of accounts this morning. Press J to jump to the feed. Posted by 2 days ago. He acted on a matter with them involved. What are the odds of the SA government appropriating everything like farmland and giving it to people who don't know what they're doing? Renergen's well has an average concentration of 3.4% with some parts having concentrations up to 12%2. WINNERS Finishing on top was new listee Pentanet (ASX:5GG) which finished up 136 per cent from its IPO […] ... RENERGEN LIMITED ASX. Might make some coward gains around an announcement but not sure I would long-hold. Renergen has entered into an offtake agreement with Linde at a price of $200/mcf, adjusted based on CPI (page 232 of the prospectus). Data is taken at the market close – at 4.10pm AEDT. ASX:EVN. I did a pretty shitty DD on RLT last year. ASX Indices . You have gone into a bit more depth. Do you want a reliable way to buy and sell cheap rocket league? Feb 20, 2021 #24 barney. A paper from March 2020 suggests a cost of $4-$8 per Kg of liquid hydrogen, if we assume a similar cost of $8 per Kg for liquid helium that equates to about $40 per thousand cubic feet. Performance is calculated as performance from day posted on Reddit to today’s date (29/4/21) Number of upvotes vs. stock performance. Good write-up. It turns out that surges in silver stock prices and volumes on Friday at the ASX was just a curtain-raiser for Monday’s action. This price makes sense given the deal was struck in 2016 and Helium prices have shot up significantly since then and isn't necessarily a poor reflection on management as the deal guarantees them a revenue stream to fund the expansion, however in hindsight it is a low price. Reactions: barney and Miner. There was also a thread yesterday in which u/ASisko provided some great analysis so I recommend you all go read that I'm going try structure my analysis in a fairly similar manner to his. Feb 20, 2021 #23 Swervin Mervin. 9.50% $2.42 renergen limited. This equates to approximately 246kg/day which is the majority of the helium output during phase 1 (before Renergen expands its plant), but will be fairly insignificant once production reaches capacity of 10,000kg/day. From there there are 2 possible paths they could take. The Renergen Limited (ASX: RLT) share price is on a tear today, up 24.58% at $1.50 in early afternoon trading. Press question mark to learn the rest of the keyboard shortcuts. The second source is a February 19 report from Edison Research4. Looking real good for next week I’d say . Taking 20% off the top of this for overhead costs leaves a healthy $112 million USD profit per annum. Given the high helium content it would take ~40 years to exhaust the helium reserves (assuming the low estimate of 32B standard cubic feet). Sort by. Wannabe hipster Jesus, but severely lacking in Quality. Reply. However it also allows it to run at greatest lengths once it does start to run. The announcement acknowledges the expected reduction in losses per share for the current fiscal year. As such I will assume the net extraction cost will be around $2 per Mbtu which is equivalent to $2 per thousand cubic feet of gas. IMO management and board at Renergen (the gas and helium guys ;-)) is quite capable: ex Morgan Stanley, Ellies/Megatron for CEO and COO and you've got ex Afrox on the board. 100% Upvoted . The Renergen Limited (ASX: RLT) share price is on a tear today, up 24.58% at $1.50 in early afternoon trading. At the time of this writing, Renergen’s share price has risen 71% to trade at $ 2.62. I don't have time to take a detailed look into that now but I might look into it later in the week if I get a chance and update this post again (or I might not, we'll see, if someone else wants to do it for me and leave it in the comments that'd be great :P). Not much activity on the RLT threads for a while. View live RLT depositary receipt chart, financials, and market news. hide. Press question mark to learn the rest of the keyboard shortcuts. Don’t often see people have a crack at the most important part of DD: the forecasts! The Reddit forum that spurred retail investors to pile into GameStop shares has set its sights on silver; The ASX 200 is in the red after heavy losses … Latest Share Price and Events. hide . Lawler goes over all the specifics to Psyonix's official announcement of RLCSX. I've been lurking on this sub for a while and decided its time for me to contribute with a bit of DD. So, these funds were forced into a situation where either they had to continue buying shares at higher prices to cover their positions or sell them to incur potential billions in losses. 61. 0. Here's the link for anyone that wants a read. This is pure speculation however and doesn't take into account the time and potential issues involved with building the facilities. ASX 20 ASX 50 ASX 100 ASX 200 ASX 300 All Ordinaries All ASX Indices ≫ Commodities. Iron Ore Crude Oil Gold Silver Copper All Commodities ≫ Popular Pages. ☰ Equities Charts.com. FYI this could be a different Renergen. Here's the link for anyone that wants a read. Add … Market: ASX Market Cap: $196.1 m Follow. Good points, always worth looking at the quality of management and where their incentives lie. Reply. (serious comment - thanks for posting /u/wastemorning :) it's great to hear the other side ). A paper I found suggests the cost is around $600-$1400 per ton per annum8. EPS. Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Using the average of $1000, if Renergen were to process 10 tons of helium per day that would be 3650 tons per annum, that would require ~110,000 tons of gas (assuming a 3.4% concentration of helium) putting the cost of the facility at around $110,000,000. I did a pretty shitty DD on RLT last year. Profile; Follow; WolfonWallst. View company profile . Market Cap. Worth a fish somewhere around 1.05 . Regarding management, the last Annual report showed that two of the directors own about 7.5% of outstanding shares each. Like, irrational dumb Japies who weren’t doing a very good job running the company. You have gone into a bit more depth. The company is investing in early stage projects across Africa and emerging markets. Boys and girls, there’s been a lack of RLT discussion and awareness. The first comes from a US geological survey3 which gives the price of Grade-A helium at $210 per thousand cubic feet. (80% of 24,000mcf p.a. no comments yet. What’s their track record? An Australian equivalent to /r/Wallstreetbets , the madness starts here. The All Ordinaries Index (ASX: XAO), meanwhile, is heading the other way, down 0.8% at time of writing. report. 1 day Bloomberg Australia: Reddit and Weep Bloomberg 1 day Renergen (ASX:RLT) share price explodes 71% today // The Motley Fool Australia – The Motley Fool Australia The Motley Fool 1 day Brokers name 3 ASX shares to buy right now 29 January 2021 – The Motley Fool Australia The Motley Fool Raising ~$50,000,000 to increase the capacity to 2500Kg/day by the end of 2022 would ensure there is sufficient capital to reach maximum capacity (10,000kg/day) by the end of 2024. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information. That would give … View today’s RLT share price, options, bonds, hybrids and warrants. Market Cap. Relatively high but the manipulation on this stock made a lower entry difficult for the volume I was accruing. The 1C figure is only 7.95Bcf which means they have assumed RLT will find 1.98Bcf. Shaun Quin, CEO of RLT Atwood Will Join the FAVO Group, LLC as President. Click for more information. The next cost to consider is shipping costs. or 2,000 per month). Share. The All Ordinaries Index (ASX: XAO), meanwhile, is heading the other way, down 0.8% at time of writing. An Australian equivalent to /r/Wallstreetbets , the madness starts here. Drunken VUL Prophet. 4. Real Life Trading is a refreshing and mentally delicious company that is changing the industry standard on stock market trading and education! Went deep, real deep. In the worst case scenario where all $50,000,000 are raised via an issue of additional equity this could represent as much as 50% of the outstanding capital resulting in the current outstanding shares accounting for only 2/3rds of the final market cap (this is very unlikely as most of the project would likely be funded by debt, but I want to be conservative). I used a discount rate of 15% as this project has a significant amount of risk attached to it and assumed annual free cash flows of $112,000,000 USD as discussed above. The emerging helium and natural gas company’s share price […] P/E. Reply. The company’s main … The first step is figuring out exactly how much that helium is worth. Edit: After doing a bit more digging I finally opened up the prospectus from when Renergen listed on the ASX (May 2019) which is probably where I should have started but I'm too lazy to read 300 pages. The trading halt is requested pending Renergen’s response to a request for further information by ASX regarding an announcement made by Stefano Marani yesterday (12 April 2021 ). O.o. Do they have shares? This report mentions the BLM price at the August 2018 auction for Grade-A helium was $280 per thousand cubic feet. Reddit - Squeezing short sellers. Given only Thailand exceeds an average $5 per Mbtu, I believe this is a sufficiently conservative estimate of the extraction cost. RLT Depositary Receipt Chart . 1,130 Posts. According to their most recent quarterly update Renergen has 181 million rand on hand, equivalent to about $12 million USD meaning they will likely require $100,000,000 to get to full capacity. I’m not sure if they’ve refinanced since then but they were in a spot of trouble with their loan. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. 16 times larger than the assumed find. View today’s RLT share price, options, bonds, hybrids and warrants. 06/04/2021 14:49:10 1-888-992-3836 Free Membership Login Monitor Trying to Balance out our lost super one bunnings sausage at a time. Something that i have noticed as a holder is that there is a bot at play capping the share price. RouletteToken (RLT) fundamentals, including website, explorer, announcement, algorithm, mining rewards, and supply. That's what this post is gonna try figure out. 11/05/2021 13:36:42 1-888-992-3836 Free Membership Login Monitor That being said, share dilution is a significant issue that should be considered when investing in Renergen. However this is likely a long term hold as it will take years to reach full production capacity, and be weary of potential dilution along the way which could see the price fall. Reddit groups have been squeezing out the short sellers on stocks which we could do for RLT also Expand Renergen would be the perfect candidate for … Trade now Follow Following Unfollow. RLT's 1U P90 prediction is 32.54Bcf. However....Apparently the management were FUCKED to deal with. The main thing that this information changes is I now believe it is very unlikely that Renergen will rely solely on internally generated funds for its expansion as I think a capital raise will be necesary. Joined Jan 13, 2010 Posts 61 Reactions 57. a colleague of mine talked about Renergen. 833. Apr 12, 2021 #60 Dona Ferentes Cacoëthes blogendi. That being said I had planned to write this before that post was made and I'm sticking to it. On the bright side, this is only up to an annual volume of 19,200mcf p.a. save. I've attempted to include sources for my data/information where possible but it may still be inaccurate, if anyone has more accurate data or disagrees with my analysis feel free to let me know. Hopefully I don’t get professionally reprimanded for this.. FAVO Group, LLC is the External Manager of FAVO Realty Inc. GARDEN CITY, NY / ACCESSWIRE / May 7, 2019 / FAVO REALTY, INC (OTC PINK: “FAVO”), a real estate investment company, is pleased to announce today that they have entered into a definite agreement (the “Agreement”) to acquire RLT Atwood … Anyway there are a couple of important things in there, firstly Helium price. Post #: 50498572. Furthermore, given the lower than expected revenue in the first few years the amount of capital being raised will be larger than initially calculated. Stocks highlighted in yellow rose after making announcements. Thus after extraction costs the net proceeds will be~$220 per thousand cubic feet. Joined Jan 11, 2016 Posts 3,987 Reactions 4,090. These guys are well into a large drilling campaign and the ASX keeps putting up the Anns as non price sensitive so its still under the radar of a lot of people. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information. At close of trade Monday, shares in the company were swapping hands at $8.90. 66.4k members in the ASX_Bets community. Whilst I couldn't find anything regarding transport costs for liquid helium, following in u/Asisko's footsteps I looked at the cost of liquid transporting liquid hydrogen as they require fairly similar extreme low temperatures. My guess would be that if possible they will wait to demonstrate production and revenue before going back to raise more cash for expansion. 0 comments. As such under the two possible scenarios I arrive at values of $377,000,000 USD (490,000,000 AUD at an exchange rate of 1.3AUD/USD) in the case of self funding the expansion, and a value of $500,000,000 USD in the case where more capital is issued and shares are diluted, resulting in the value of the existing capital being $333,000,000USD ($432,000,000 AUD). View the unique metrics and charts for Renergen Limited (RLT:ASX), to get a drastically different perspective than announcements or financial research. Still see this being a easy 50-60% gap up form where I got in at after the next ann, super tightly held registry makes it susceptible to manipulation, yes. Since Renergen's wells are estimated to be 3.4% helium on average this means the extraction cost will be $58.82 per thousand cubic feet of helium. Trying to Balance out our lost … 1 day Bloomberg Australia: Reddit and Weep Bloomberg 1 day Renergen (ASX:RLT) share price explodes 71% today // The Motley Fool Australia – The Motley Fool Australia The Motley Fool 1 day Brokers name 3 ASX shares to buy right now 29 January 2021 – … Jessica De Freitas Markets Reporter [email protected] 18 December 2019 14:00 . Tools (Limited / Premium) Announcements Filter Company Comparison My Watchlist (Premium) Groups / Ideas . Renergen (ASX:RLT) share price explodes 71% today Renergen CDI (ASX: RLT) shares are on fire today. Whilst I couldn't find any information on LNG extraction costs in SA (because I'm pretty sure Renergen is the first although I could be wrong about that), I found a source listing production costs for Asia6. A valuation of Renewable energy producer Renergen (ASX: RLT) - Arrives at a value of $390m vs. current market cap of $125m and enterprise value of $149m. I think this is the start of a big few weeks for RLT! Since helium isn't traded on any exchange it is very difficult to find pricing data on it however some information has been published regarding the prices of BLM helium (the US government reserves which they've been running down) of which have 2 main sources. P/E. Some weird sells happening whenever it starts to rocket though. Div Yield. Join the HotCopper ASX share market forum today for free. View Entire Discussion (0 Comments) More posts from the ASX_Bets community. Renergen Ltd. Sign up for Newsletter. Basically Noah, but with better Shitposts. If we want to reach full capacity by the end of 2024, whilst there are lots of ways of achieving this, the easiest (in my opinion) would be a capital raise late this year or early next year to raise production capacity faster. The group on Reddit, named Wall Street Bets, believed that these major hedge funds were holding over-exposed positions on this stock and hence, wanted to sell. I agree with your view on their plans. When the file closed he said that he never wanted to see the word Renergen again and was surprised to see it continue operating. Trying to Balance out our lost super one bunnings sausage at a time. ASX:RLT. Press J to jump to the feed. Renergen (RLT), has announced drilling of the horizontal well has intersected gas charged sandstones and fractures; The natural gas producer is exploring the Virginia Gas Project in South … I would also like to reiterate I've only been looking at this for 2 days and so the methodology of my analysis may be completely wrong or inapplicable for a LNG/He company as I've never tried to value a company of this nature before so. Renergen CDI (ASX: RLT) Stocks are burning today. So some of you might remember that i have been bullish on these guys for a while. Another thing to be wary of is the quality of management as u/WasteMorning pointed out in the comments. An Australian equivalent to /r/Wallstreetbets , the madness starts here. Given the low sale price however, this provides management with extra incentive to speed up the expansion to sell the excess at higher market prices (which is allowed in the agreement). In summary I believe I have been fairly conservative in most (although admittedly not all) of my estimates and have arrived at a potential value of Renergen more than 3x its current value, the potential upside here is very significant and could be significantly higher if you account for the potential He price increase from growing demand and diminishing supply (as the US runs down their reserves). 0. Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Prolly some of you taking the bags to the bank? I guess we all make mistakes and learn from them right, it was 5 years ago now, I'm sure they've had opportunities to reflect on their professionalism and change their ways - like that bloke Andy whats-his-name and Yatango, he learnt from his mistakes and went on to create a wonderful new company with a management team that was beyond reproach and would never do such things as hand out shares on the sided to their mums - pfft ! There doesn’t seem to be a meaningful correlation between number of Reddit post upvotes and stock returns . The emerging helium and natural gas company’s share price […] share. Watch for the 250 share parcels that sell the price down. share. Videos only. Renergen has announced its first helium sales agreement, with a global acting, tier-one automotive supplier, in the Company’s first “Direct-toCustomer” helium deal. 0. I think people don’t understand what RLT are doing. An Australian big data play: Reddit due diligence on Next DC (ASX: NXT) including thoughts on current management, the numbers, and risks. 28/01/21. Autistic inspector of Deputy PM. Since the agreement was reached in 2016 that would equate to a bit under a $220 sale price, substantially below my original $280 estimate. I work in law, restructuring and insolvency in particular. Today’s RLT share price, stock chart and announcements. Data is taken at the market close – at 4.10pm AEDT. The valuation however doesn't change by much and there is still significant upside potential. Renergen (ASX:RLT) strikes gas with 12pc helium Energy. I see new buy-in opportunity... What about you? As always, there are lots of risks involved and always DYOR. Given the fact that these figures are somewhat dated and there has been a supply deficit recently there is a chance that the these figures may be understated, that being said I will use the higher $280 price in my analysis to try be conservative whilst still accounting for this fact. Why is the Renergen share price shooting higher? Reply. Joined Aug 17, 2006 Posts 4,742 Reactions 3,506. Finally, to the valuation. The company in question is Renergen (RLT) which after seeing some discussion about it in the daily thread on Friday decided to take a look into (that's right, I've literally done 2 days of research so take everything I say with a grain of salt). Div Yield. For those that aren't aware pretty much all of the Helium we use is is isolated from natural gas, most wells have helium in concentrations of between 0.3%-0.5% with a few lucky ones having higher concentrations. Share Does anyone on here use Reddit? Add related topics to MyProactive. They were not a client. As you can see Renergen will likely need to raise $6 million more than I initially calculated, however given how conservative I was with the effect of a dilution I don't think it is necessary to adjust my calculations for such a small change, however if I lowered the estimate of existing shareholders stake after a dilution to 60% (from my original 66.67%) to account for this, I arrive at a value of about $390 million AUD. Sort by. Renergen (ASX:RLT) discovers gas composition with 12% helium 19 Dec 2019 - Renergen Limited (ASX:RLT) CEO Stefano Marani reveals the company's discovery of a … At this price the 90% confident estimate (Sourced from the Sproule resource evaluation in July 20205) of Renergen's helium reserves would be valued at ~$9.1B USD. I hold RLT. ASX100 Highest Market Cap Low PE 100 High Yield 100 Small Cap Tech Companies with Popular Apps Companies … tech/a finished in first place with an outstanding 80.33% return with RNU!In second place was Purple XS2, who achieved an impressive 72.15% with his pick AVR.Rounding out the top three for March was Dona Ferentes who selected RLT, which returned an … Log in or sign up to leave a comment Log In Sign Up. The second is to raise more capital to ramp up production sooner (I believe this option is more likely). But even if RLT goes to the moon from here, I ... this disclosure hasn't hindered RLT on the ASX ... up 5% . Ideas. RouletteToken (RLT) fundamentals, including website, explorer, announcement, algorithm, mining rewards, and supply. The different between my post and your between the value of the resource is interesting, but I see you have better detail on the expected extraction rate. RouletteToken (RLT) fundamentals, including website, explorer, announcement, algorithm, mining rewards, and supply. Total. save. Reactions: Miner, barney and frugal.rock. Crunching the numbers again with the lower helium price for the first few years doesn't actually change much however (as shown below), since I'm assuming a gradual increase in prduction capacity, with the additional Helium being sold at the higher, current market levels of $280. Created with Sketch. I believe they were the debtors and he acted for the banking syndicate who had lent money to the company. The fourth-largest iron ore producer in the world: Equity mates podcast overview of … There was a Renergen LTD listed in the UK, it was property development company that went bust in 2016. Reply. This is VERY high, and VERY valuable, just how valuable? The report gave a valuation of A$5.00 on ASX.RLT assuming 25% of the 1C Contingent Resources of He.
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