Simon’s weekly wrap: On the bright side …

This week MoneywebNOW looked at Renergen’s positive helium and methane reserve update, Santova’s excellent results, agriculture’s expected record year, as well as the PGMs environment and Northam Platinum as a stock.
Image: Moneyweb

Renergen* shares have been flying and two updates this week added to the excitement. Tuesday saw an update on improved flow rates, while Wednesday was about helium reserves at its Virginia Gas Project increasing by 620%. I spoke with Anthony Clark about the stock, the R12-billion cost for phase 2 and whether the share price has perhaps got ahead of itself.

I spoke with Santova CEO Glen Gerber after it published excellent interim results. World supply chain challenges are boosting profits here as it benefits from being a non-asset logistics company with excellent technology and a light cost base.

I had a great chat with Wandile Sihlobo, chief economist of Agbiz, on the local agriculture sector. We’ve seen two excellent years and 2022 is shaping up to be another great year of profits, even as input costs are rising. Record crop levels will offset some of the input pain.

Platinum group metal (PGM) prices have been under pressure, and I spoke with Bruce Williamson of Integral Asset Management about the reasons. He commented that the current six months will be the second-best period ever after the first half of 2021. I also asked about his preferred PGM stock, which is Northam Platinum –one that usually flies under the radar.

*The writer holds shares in Renergen

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