Energy company Renergen has become a polarising topic among investors and industry analysts, with a sharp divide between diehard supporters and increasingly audible critics.

Once hailed as the country’s gateway to the global helium market, Renergen now faces mounting scrutiny from critics who argue that its promises outweigh its production realities. The company’s market value has plunged from a peak of R43 in March 2022 to the current 514c and it has yet to make its first helium sale...

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