Sounds like you are pretty positive that the ASX will accept a hydrogen "idea" - that hasn't been costed and relies on presumptions - as more being material than the abandonment of the Borba commercialisation strategy - which was intended to produce near term revenues.
I suppose a junior with ~$1.1 million in the bank last quarter didn't feel the need to explain to the ASX how it would fund such a "pivot".
Funding requirements for Canada and the Philippines are/will be material.
Funding requirements for Borba were material.
So when does abandoning a project defined by a clear, re-iterated intention (connect to a gas pipeline) become immaterial?
Above is not financial advice and my opinion only.
Ann: Response to ASX Aware Query, page-65
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