So from my understanding, the recent decision of PH2 halting their plans for the large emerald hydrogen facility in Moreton Bay is so that they can instead focus on developing these 4 micro-hubs to satisfy their HFC partners sooner. This to me sounds like great news as it will mean that PH2 will be generating revenue a lot earlier comparatively to waiting on the longer projects to get fully approved and then finished. It's also going to cost them a lot less money to develop these micro-hubs in the short term in comparison to the Moreton bay project. The benefit will also include having their partner's demands met earlier by having that hydrogen available sooner.
Why are people upset about this news? I would truly like to see other peoples' opinions on the matter as I may just be looking at this too optimistically.
PH2 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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