I think the update in the Quarterly has signalled to many of the bystanders that things are progressing very, very well....and $7mil in the bank.
Highlights:
• FEED study for a Commercial Demonstration Plant finalized. • Discussions with potential offtake partners, feedstock (biogas) suppliers andfunding partners for the proposed Commercial Demonstration Plant continued toprogress. A high level of interest in the Hazer Process experienced. • Concept Study for a Commercial Scale Hazer Plant (2.5 ktpa) completed. • Assessment of carbon emissions abatement potential of the Hazer Process againstinternational carbon reporting standards confirmed significant carbon abatementpotential from the Hazer Process. • Construction of the Paddle Tube Reactor (PTR) Pilot Plant by our strategic partnerMineral Resources Limited (ASX: MIN) was completed with commissioning inprogress. • Received certification of two Australian Innovation Patents during the quarter. • Received a A$1.6 million R&D Tax Incentive cash rebate for the year ended 30June 2018 • Cash reserves of A$7.0 million as at 31 March 2019.
There is a lot to like here.
HZR Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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