Past year: ▲ 65%(36.5c – 1.34 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Apr 2025regulatory community update▲ Good
The Director-General upheld Tetra4's appeal on 9 April 2025 and revoked Springbok Solar's Section 53 approval for procedural defects, including failure to consult Tetra4. This favours Renergen in the solar dispute over its Production Right.
1 Apr 2025listing compliance notice● Neutral
ASX will lift the suspension from 2 April 2025 after Renergen lodged its quarterly report. This resolves the one-day suspension.
1 Apr 2025listing compliance notice▼ Bad
ASX suspended Renergen from 1 April 2025 for not lodging its periodic report (quarterly report) by the due date, alongside other companies.
14 Mar 2025production update▲ GoodMajor
First liquid helium container filled and collected by a customer on 13-14 March 2025, using smaller 250-500 litre Dewars after large iso-container cooling problems. This ends the long wait for a first helium sale begun with production in July 2024.
29 Jan 2025admin correction● Neutral
Cleansing notice under the Corporations Act for the 7,376,433 shares just issued, stating about A$3.29m raised and no undisclosed information. Administrative; no new business news.
29 Jan 2025capital raising announcement● NeutralMajor
Renergen issued 7,376,433 shares (5% of capital) in a private placement at R5.33, a 10% discount to the 30-day average, bringing shares to 155,047,410. Proceeds go toward Phase 1C and working capital. Price is far below R11.87 in August 2024.
13 Jan 2025other▼ Bad
Renergen responds to share price falls and press speculation: plant is making LNG and liquid helium, but the customer container cool-down continues with no end date. Plant is below nameplate, with about 75 kg/day helium. It says it has not entered business rescue discussions.
11 Dec 2024regulatory community update● Neutral
Renergen updates its dispute with Springbok Solar, arguing helium falls within Tetra4's Production Right and noting the new Upstream Petroleum Act, signed 25 October 2024, treats helium as petroleum. It warns that building without full Section 53 consent sets a dangerous precedent.
1 Nov 2024half year report▼ Bad
Reviewed results for six months to 31 August 2024: revenue R25.6m (up 7.7%), loss R67.5m (45.73 cents per share versus 29.91). Costs previously capitalised now hit the income statement after Phase 1 commissioning. Net tangible assets R8.31 per share.
29 Oct 2024regulatory community update▼ Bad
Renergen objects to Springbok Solar building in its Production Right area without Section 53 consent or a co-existence agreement. Springbok has separately appealed aspects of the 2012 right. Renergen wants access to its gas structures protected.
18 Oct 2024other▼ Bad
JSE trading statement: loss per share for the six months to 31 August 2024 expected at 42.7–48.7 cents, versus 29.91 cents a year earlier. Attributed to lack of helium and LNG production time during commissioning. Unreviewed by the auditor.
23 Sept 2024production update▲ Good
Annual plant maintenance and Eskom power work are finished. LNG production resumed on 19 September and the helium module is being cooled to restart filling. Maintenance was run by Renergen's own teams for the first time.
2 Sept 2024debt financing● NeutralMajor
Standard Bank appointed joint underwriter for the planned Nasdaq IPO and provides a short-term loan ahead of it. CEO and COO associates pledged 17.3m shares as security, liability capped at R155m. Annual plant maintenance moved to early September.
16 Aug 2024regulatory community update● Neutral
Renergen says the appeal against its Phase 2 Environmental Authorisation did not delay Phase 2. The Minister dismissed 5 of 7 appeal grounds, but required more impact-assessment information, a 30-day review and resubmission for approval. Drilling is authorised under the 2012 Production Right.
14 Aug 2024regulatory community update▲ Good
Renergen says South African regulators investigated allegations about undisclosed directorships, JSE disclosure, IFRS compliance and wastewater discharge, and cleared the company and directors. This addresses the criticism that followed the October 2023 share price fall; the regulators' findings are not shown.
9 Aug 2024production update▲ GoodMajor
Liquid helium train is now fully operational and has been producing since 19 July 2024, building inventory for a customer iso-container due this month. Renergen took operational control from the equipment maker. This resolves the long-delayed helium commissioning, though no sale is yet reported.
29 July 2024listing compliance notice● Neutral
Renergen admits that, through administrative oversight, it did not lodge Appendix 3 director share-dealing forms with the ASX, though it had published equivalent JSE notices. The missing forms are now lodged and the disclosure policy updated.
12 July 2024other● Neutral
Appendix 4G for the year to 29 February 2024, pointing to the governance statement on the website and the integrated annual report. Administrative compliance filing with no business news.
12 July 2024other● Neutral
Corporate Governance Statement (ASX 4th edition benchmark) describing board structure and charter. Lists seven directors, with Chairman David King independent and CEO Stefano Marani separate. Compliance document with no new business news.
28 June 2024other● Neutral
Renergen's second ESG report, for 2024, with contents and introduction visible. Builds on the first report's baseline; no new financial or operational results.
28 June 2024annual report● Neutral
Integrated Annual Report 2024 released, with leadership reviews, governance, remuneration, financial statements, AGM notice and proxy form. Only the contents page is visible; no new figures shown beyond the previously released FY2024 results.
12 June 2024production update● Neutral
Liquid helium production restarted on 4 June 2024 after shutdown and checks. The equipment maker must still demonstrate stable operation before a seven-day performance test. Two independent helium consultants were hired; the CEO acknowledged commissioning is taking longer than planned.
5 June 2024other● Neutral
Notice that Renergen filed a sworn affidavit stating it qualifies as a B-BBEE small enterprise. Administrative compliance filing with no business news.
29 May 2024annual report● Neutral
Full FY2024 audited consolidated and separate financial statements, BDO as auditor. Visible text covers directors' responsibilities and contents; the board lists seven directors. No new figures shown beyond previously released results.
9 May 2024annual report▼ BadMajor
Summary FY2024 results: revenue R29.0m, loss per share 75.10 cents. BDO's opinion is unmodified, but its going-concern note flags material uncertainty tied to regulatory approvals and funding initiatives. The board expects these to be completed.
6 May 2024production update▲ GoodMajor
Renergen is producing liquid helium in batches at Virginia, purified to 99.999% and independently validated. The performance test is yet to start; the helium train will first be restarted from warm to show repeatability. First liquid helium, though not yet commercial supply.
30 Apr 2024annual report▼ Bad
Unaudited preliminary results for the year to 29 February 2024: revenue R29.0m (up 128%), loss R110.3m (75.10 cents per share versus 19.86). Plant was down over four months for maintenance. Tangible NAV per share rose to R8.40.
29 Apr 2024other▼ Bad
JSE trading statement: loss per share for the year to 29 February 2024 expected at 72.8–76.7 cents versus 19.86 cents a year earlier, attributed to the prolonged maintenance downtime. Unreviewed by the auditor.
11 Apr 2024director officer appointment● Neutral
Audit committee chair Luigi Matteucci, on the board since 2016, will retire at the 2024 AGM. Non-executive director Thembisa Skweyiya resigned from 10 April 2024 for personal reasons. Two independent board seats are vacating.
20 Mar 2024debt financing▲ GoodMajor
Industrial gas group SOL, via Airsol, subscribed the remaining US$4m of unsecured convertible debentures, bringing its total to US$7m. They convert into Renergen shares on completion of a Nasdaq IPO. It followed completion of the Mahlako deal.
