PRL 0.00% 4.1¢ province resources ltd

Ann: Compressed Hydrogen Shipping Memorandum of Understanding, page-51

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  1. 109 Posts.
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    There is a mutual interest. Both PRL and GEV benefit.

    Neither PRL nor GEV are profitable companies. They probably never will be profitable. So, they both rely on capital raises to maintain the state of their balance sheets. The announcement brings additional publicity for both companies, which assists to increase their share prices, which allows the companies to raise more capital, so they stay in business for longer.

    It also allows the directors to sell their shares at higher prices.
 
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