HCD 0.00% 0.3¢ hydrocarbon dynamics limited

That's the question, can they leverage the toehold they've...

  1. 331 Posts.
    lightbulb Created with Sketch. 176
    That's the question, can they leverage the toehold they've gotten in the Gulf, Cooper Basin, North Sea, Bakersfield...into broader adoption of the products. If the trialers turn into consumers, will that entice other producers in the area to try the product? Hard to gauge at this point. Hopefully we'll hear that the supermajor has progressed to field tests soon but that's still up in the air as well.

    I thought that the tank cleaning might have the best chance to generate significant near-term revenue as that oil company should have hundreds of tanks, but the wording that "success should lead to treatment of an additional five tanks and offer the prospect for expansion in the region" kind of makes it sound like the national oil company only offers another possible 5 tanks and the hope for expansion will require other companies.

    And another raise does seem inevitable in the relatively near term as there is less than a year of cash at the current burn rate and the report says "if no revenue is generated, cash resources are forecasted to run out during the third quarter of 2023. The Group plans to raise further capital within the next six months however the form of capital raising is yet to be decided".

 
watchlist Created with Sketch. Add HCD (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $2.426M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
6 2373299 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 1118285 4
View Market Depth
Last trade - 16.12pm 14/06/2024 (20 minute delay) ?
Last
0.3¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
0.3¢ 0.3¢ 0.3¢ 62258
Last updated 14.23pm 14/06/2024 ?
HCD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.