None of that (primarily electrification) new funding helps us except perhaps a small slice of the last little allocation which could conceivably support technological development (e.g. electrolyser manufacture) for the H2 industry too. But the existing/ongoing investment activity of CEFC in hydrogen development, which I highlighted from the statement, and the increased positioning of the CEFC by the federal govt as Australia’s “green bank” is where PRL should be trying to make greater inroads at present imo. It is disappointing not to see industry players (including PRL - if it is indeed one anymore) lobbying harder & more visibly to successfully achieve greater traction for more H2 investment via the CEFC. The industry needs more than just positive support from State govts, it needs some meaningful Commonwealth backing to progress it’s establishment at scale and to align with the various H2 accords and agreements Australia has signed up to. This is surely why we pay consulting fees for lobbying & govt relations to Roger Martin and give him freebie equity as a director here.
I again wonder what all of these people do all day. Updates & comms to investors so far this year has been disdainful, especially given how their oversight & incompetence at not gaining recompliance earlier has led to our capital being locked in here for months on end.
Last edited by camban:
Added link to PRL site23/06/23
PRL Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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