re: Ann: Energy Specialist to Fast Track Expa... They need substantial funding. You can have the best on board but if you can't access funds it becomes a struggle.
Nevertheless, energy created in Hungary will reduce the dependence of energy from Russia of which I understand Hungary is overly dependent upon.
The company has a JORC defined uranium project of around 77 million pounds as well. Something like 40% of Hungary's energy needs are served by nuclear means and the Hungarians desperately want less reliance on Russia.
Great story but just a bit over capitalised for my liking but who knows it could just keep going up from here.
Very hard to put a value on this company for the short term until they get funding (if they do) otherwise it's back to shareholders for the funds.
Ex-Sasol "high level" executives is what is driving the share price in my opinion.
Good luck
:)
Nic
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