My guess is they seem to be gearing up for a two-pronged approach at FMG, BHP, or Rio Tinto AND/OR the wheatstone Oil Majors;
- Geraldton is approximately halfway between Pilbara/Wheatstone and their HQ's;
- Two of these companies half the largest downhole programs in the world, and both are gearing up for monument-ous drilling programs on the back of extreme iron ore prices;
- All three companies are gearing up their renewable research with extreme emphasis on Hydrogen (publically shown by FMG);
- DUG recently released Hydrogen Battery patent and are green energy focus;
- It is clearly a prime location for many renewable technologies (solar, wind, wave etc);
- DUG was especially cautious with engaging traditional owners, especially after Juukan (this is a huge up-vote from me).
Thoughts?
Also, what are we expecting on their HPCaaS revenue growth this EOFY?
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