Here's the bread crumbs as I see them:
Twiggy visits Mongolia.
EXR wants the ability to give a stake to the right partner at the right time through the shareholder vote.
Fortescue Future Industries are building electrolysers in conjunction with Incitec Pivot.
Both EXR and FFI announce green hydrogen plans and play at the same time.
EXR signs MOU with mongolian government to bypass any trade sanctions or concerns in dealing with an Australian producer or JV.
ALL IN MY OPINION:
When the time is right EXR and FFI will announce JV in which FFI provide state of the art renewables and electrolyers while EXR provide access to the world's largest market and top tier location for renewables to do their thing.
Is this similar to the Woodside and BHP merger to capitalise on the energy crunch and become a world leading green energy provider to the globe?
I hope/think so.
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