Originally posted by Whatsamadoovie
And to give management credit, they have only raised funds once since IPO and that was at 3x the IPO price to a commercial partner, so I don't see why such a situation couldn't play out again.
To be clear low key..
That wasn’t current management. And hazer was trading around the 60c mark when MiN res took on the raise.
In terms of competition, right now there is no competition. Hazer is the greenest and cheapest way of making hydrogen.
When other forms emerge and start to become viable, the market is going to reduce to a choice. Just like tv right now, as an example.
We used to watch free to air. Not any more, now we watch Netflix, or Stan. Etc.. it didn’t just appear. But gained popularity as it was more viable with the nbn and cheaper internet. Electrolysers are going to be the same for hydrogen as far as I can see.
Unless hazer has a market share with proven tech sooner and a need developed for its graphite.etc. Or royalty agreements that will guarantee income.
If this doesn’t happen then this COULD, not saying it will.. COULD fall by the wayside. But going it alone as Geoff told me he wanted to, to me is suicide.
So I wait and watch.
The other factor is Pocock, and is probably more of a threat than anything else. He has the funds and shares and options to bury the share price for years. If hazer want to generate interest in their share price. They need to find someone to buy him out.
It doesn’t take a genius to watch the sp accumulate to 24.5 and drop back to 23 to know someone wants out, or is holding it there. 6mil shares at 100000 a day ( again being generous) is a long wait.
GLTAH.
An exert from Parlaiment two weeks ago:
"Senator HANSON-YOUNG: You mentioned before that you were doing some work in relation to hydrogen.I'm interested to know whether you think ARENA is better placed to develop hydrogen export industryopportunities or whether the CEFC should run that type of project.
Mr Miller: I think there's a role for both the CEFC and ARENA in developing the hydrogen opportunities. Asyou know, ARENA fits into earlier stage research to the pre-commercialisation part of the spectrum and CEFCtakes it from there and develops the funding initiatives. So what we see with hydrogen in particular is that theinnovation and the development of that industry is right throughout the train from research and development allthe way through to actually building large kits of electrolysers and industrial plants. There's the domestic side.There's the export opportunity. It's multifaceted. Our view is that it's going to require effort and funding from bothparties.
Senator HANSON-YOUNG: Obviously ARENA's role in that, then, would be very early on in thedevelopment?
Mr Miller: Yes. And often we'll cross over with the CEFC on a particular first-of-a-kind infrastructureproject. So where there is an existing technology but it's hundreds of millions of dollars to develop a plant, wewould take a very small piece of that project to give the investment community confidence. They may take alarger piece. Clearly, in the earlier stage—in the research and early stage deployment—that would be a roletypically just for ARENA, not the CEFC."
So if Hazer got funding from ARENA for the Demo Plant, there would be a reasonable chance CEFC (Clean Energy Finance Corporation) would come to the party, and chip in some money for the Commercial Plant.
(20min delay)