Money is your hardest worker 👷🏽‍♂️

Hi again, 👋🏽

We’re back and this week we’re getting straight into it, time is money and money has opportunity costs.

In the 🗞 this week

Renergen Limited:

• Completion of Phase 2 funding due diligence with US DFC and Standard Bank.

• Construction and commissioning of gas gathering pipeline is complete.

• LNG/Lhe processing plant has progressed in two stages, with the LNG system and helium system now complete.

• Phase 2 expansion includes drilling of additional gas wells, construction of additional gas gathering pipelines, and construction of a larger processing and liquefaction facility, with completion of pre-feasibility, feasibility, and front-end engineering and design already achieved.

Master Drilling Group Limited:

• Revenue +31.7% to USD226.4 million.

• EPS +7.6% to 14.2 cents in USD and +19% to 232.5 cents in ZAR.

• Dividend +46% to ZAR47.5 cents per share

Gemfields Group Limited:

• Revenues +32% to USD 341 million

• EBITDA +25% to USD 166 million,

• Net cash at the end of the year was at an all-time high of $105 million.

• The Company has declared a gross dividend of USDc 2.88 per share and will be paid on Friday, 12 May.

• The coloured gemstone market has seen strong demand after the pandemic, with prices paid for uncut emeralds and rubies reaching remarkable levels during the first half of 2022.

Stock Spotlight 🔦