David Shapiro on Renergen - I see Renergen up 15% today on announcement of increased helium reserves. Company now valued at R5bn. I just looked at their recent financials for 6mths to Aug21. Scary stuff. Have debt of R500m and no income - yet. And equity value of R289m. Market may be running them too hard!I hope there will be a correction soon but perhaps we have missed out on the 90% up already.
In a years time the present R40 will be peanuts.
This is a future Top 40.