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clock Created with Sketch. 03/01/25
13:38
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Originally posted by hoodle:
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4 of the "targets", and I use thst term loosely, are MOU's which have no legal binding status. If they were based instead on legally binding offtake, I'd say they would be beneficial to shareholders. The final "target" is a requirement to spend a substantial amount of money that the company doesn't have, so in other words this target likely involves significant dilution to all the current holders. Given the hidden landlines in the highly spruiked coal gasification project that was fundamentally doomed on cultural, environmental, and practical grounds before they even started, you have to wonder the level of due diligence vs hype that goes into strategy in this company.
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100% hype. Just like danehill, teddie and wiffa sniffa.
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03/01/25
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