XSO 1.86% 2,966.3 s&p/asx small ordinaries

The Brains Trust, page-11069

  1. 5,209 Posts.
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    Yeah I have the code right, and there is a chance I'm crazy..

    The drop in share price however does not appear to have been driven by declining fundamentals. From reviewing the register there have been a couple of large holders who have been the primary reason for decline, these two holders are very close to being completely out of bullets therefore the selling pressure should subside. Who knows their reason for selling but it appears on the surface to be more so a battle of ego's rather than any negative turn in fundamentals.

    Over the past few months HZR have;

    -Signed a binding agreement with MIN ($4b MC) to build a battery grade graphite plant ($100m + appears to be commitetd by MIN)

    -Signed a MOU with Primetals (a sub of Siemens and Mitsubishi) to develop an iron benificiation process based on the Hazer process

    -Successfully proven that the core process components function at pilot scale, paving the way for commercial sized plants

    -Demonstrated the superior economics of the process when compared with steam methane reforming (SMR) and electrolysis (95% of the $120b hydrogen market is SMR)

    -Proven that the graphite quality from the process meets the requirements to function over extended cycles in battery applications.

    So in essence the FA has improved quite drastically while the sentiment is at all time lows, crazy or not I think the current prospects are sufficient to command an EV above $16m but time will tell
 
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