A minor announcement, but good business practice.
Hard to evaluate as we don't know how long LCK need to keep the PCD equipment onsite, and when the revenue from the lease deal will hit the bank account, revenue isn't quantified + a Heads of Agreement isn't necessarily binding.
Going to pursue (investigate) Ashes comment about the high proportion of CH4 in the Syngas compared with other Syngas operations.
means the door is still open for selling fuel gas or onsite power station to sell into grid (not withstanding the last investor update that stated there is more financial opportunity in Ammonia/Urea products). Still a good credential.
IMO
DYOR
Ann: African Carbon Energy and LCK sign a Heads of Agreement, page-4
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