takeover Skip, page-249

MR1 they are currently suspended. I think they will have it lifted next week (suspension was because of choice and because ASX required them to disclose are they a coal business or renewable). I know sounds confusing when trying to explain in a few sentences but I will try. They had rights for coal mining in an area that already had two pits and along the way they decided is this a opportunity for Hydro (like GNX). Hence decided renewables was the future.

$10M market cap. It has no assets and no pipeline assets other than the energy hub for the Hydro. They have no funding, no trnasmission lines, no cash (significant at least). So really at the begining of the process. It's highly speculative and there is doubts they can even get it off the ground and the years of dilution and construction risk etc.... Oh and it's in Canada. Quick Summary the cost will be in the vicinity of $825M per the calculations probably more as interest rates are increasing and inflation by the time they get to signing with a construction firm.