Yep, and do you think that funding, if it comes, will be at a premium or a discount to todays price? If you were the counterparty would you invest at the same terms as the market price, knowing the slide, the managements history, and the latest legal action? Will the counterparty change the terms or step out if their is legal action against the company? With CCS prices of >$900/t (airproducts) or greater for 1 tonne of hydrogen created, will the financials stack up? Can they somehow find some method cheaper for ccs then the market leader of ccs? Who knows? Would a change of management make a difference? Will they be able to get a fixed long term price for gas, and if not how can a BFS for ultimate funding be successful? What IP does the company ultimately have if they have no reserve, no technology, no customers and no track record? Lots and lots of unknowns, but yes, maybe a white knight comes along.
HXG Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
