the farm in agreement with Taiwan petro in 2018 indicated fair value of SP is 7c+, real transaction based valuation. That’s why I suggest a buy since 2.7c. When total issued shares is 200m.
However, now the significant dilution plus foreseeable more and more CR come in future for its “Hydrogen study” , may be 500m by the end of this year? So hard to assign fair value to the Indonesia project now.
They have to hire someone else, as they got totally no idea & experience about hydrogen themselves.
USA is now producing hydrogen at cost of $2/kilo, global industry currently producing 70Mt/year , and cost of Hydrogen supposed to reduce to $1-1.2/kilo by 2030.
Not new elsewhere of Australia, the producers are all research on how to reduce costs further, but company like LIO just start to study on how to make it LOL
cost of green hydrogen: circa $8-12/kilo purely subject electricity cost. (100km drive needs 3kilo hydrogen!)
cost of Hydrogen from coal or gas: circa $2/kilo
so why LIO spends money studying this uneconomic game, especially it actually no money at all?
i believe you will have more knowledge than LIO board regarding hydrogen if you spend hours on the facts not fancy ideas.
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