Even worse if it’s some previously discarded, recycled, tired old Gavin Rezos tenement or Pat Burke leftover. Looking now but not seeing any comparable/semi-related public companies (like Provaris) in a halt today, suggesting to me the target of the “proposed acquisition” is a private/unlisted entity. If so, much shareholder due diligence will be required on its true provenance, imo.
I wonder if we are pivoting into solar/wind generation. The Total Eren experts obviously didn’t see the green hydrogen proposal as economically feasible from their perspective or the JV would’ve been signed one way or another imo, so they’ve now gone hydrogen hunting elsewhere armed with the local knowledge they gleaned from PRL. Perhaps PRL is chancing it’s arm at renewable generation with what they gleaned from the scoping studies with TE (and to put the land access agreements to use)? Could be a long wait in suspension(s) to find out.
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