That's totally unreasonable. It has been a tough time for the hydrogen sector, with all the new opportunities such as transport failing, electrolysis being uneconomical and multiple high profile organisations quitting hydrogen ambitions (Fortescue). The macro is horrible and we can't avoid that sentiment. 75c at the time seemed reasonable. Even the exec took up substantial numbers in the cap raise.
I also don't think 75c is too far off. Say posco come back and say they are ready to go. This will jump hard imo.
HZR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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