Would pay to get some hydrogen knowledge, page-40

The Board steers the ship. This is the board from 2018 - as far as I can tell only one person has changed. I wouldn't call that a substantive change.


2018 - 2019 - We are a graphite company. Graphite is the next big thematic. Look how big the market is.
Capital raise $7m at $0.19 for strategy
SS shows massive NPV for project.
MIN signs a JV but quickly terminates it.

2020 - Forget graphite we are now a Rare Earths processing company. Because Rare Earths is the next big thematic. Look how big the market is. Can't close the deal

2021 - Forget graphite and Rare Earths, we are now a Hydrogen company, Hydrogen is the next big thematic. Look how big the market is.
Capital Raise $8.5m

HMMMMM.... I wonder what they will be in 2023?

So if we were having this conversation in 2018 all the supporters here would be saying we have a great project, fantastic NPV, great blood in the company, and a first rate JV partner. But as the brutal winds of reality set in their 2019 share price of $0.19 is now worth half that and will be diluted after this new capital raise.