Yep, I get all that. Not sure about my german. Old dog and new...

Yep, I get all that. Not sure about my german. Old dog and new tricks etc.

I am not so negative, as there is a staged approach to investment on this. Without that, I would be a whole lot more sceptical. A little bit now, as a loan, a little more as an investment to get the unit in place. Then a six-month window to complete activities and see the commercial viability. If it works then it will be beneficial to make the deal. It is not cash, so I'm not sure they are pumping $6m in, but it will be shares issued if DD gives it the green light.

Phil also mentioned today in that podcast that they were not planning on a CR. I think his words were "nothing imminent" FWIW.

I regularly meet with a couple of fundy mates and they are clear in their assessment of ESG. No plan equals no interest. I am not sure I agree with that stance as an exec myself, but it is what it is. This will create C credits, which will offset CO2 from Vali and Odin and tick a few ESG boxes.

I am sure there will be more data in the upcoming NOM, which will be interesting.

Cheers, AL