Ann: Appendix 4C - quarterly, page-22

Referencing Quarter Reports.

Calendar year 2017 RNE recorded $559,000 in Receipts from Customers and outflow of $5,350,000 on staff and Admin/Corporate costs

Calendar year 2018 RNE recorded $1,373,000 in Receipts from Customers and outflow of $4,062,000 on staff and Admin/Corporate costs.

I agree if RNE had not flogged off 70% of Bioenergy then Receipts from Customers for 2018 would have been substantially higher, out of my brain capability to work out. But am thinking substantially higher.
Also the scales definitely need balancing.

How do we justify what would have been better, go it alone or sell off assets to bring in capital. I wish I knew the answer!

What I am saying is am going to wait a bit longer to see if their gamble selling assets pays off, Ive been saying April all along.
I hope this comes across a bit more unbiased,
I’ve outlaid a motza on this and I guess it’s like cheering on a footy team.. come on !!!!

Yes I’ve had some beer