Ann: Pedirka Blue Hydrogen Project Update, page-5

The old chum squad were invested in Pedirka. The timeline is:

1) Lets do a Coal Seam Gas operation
2) NT bans CSG
3) Lets do a coal to gas project
4) tries to list and can't
5) lets flog it off to HXG so we can turn our defunct "coal" lease into liquid shares
6) pump retail about next thematic - hydrogen
7) share price flys to 15 c so they can raise at a discount but highly inflated price
8) share placement
9) share price falls to mid 7 cents.

While some may make money trading the announcements, this will never produce one tonne of Hydrogen IMHO. The coal is too deep to mine economically, they need to build pipelines, roads, railway lines, billion dollar plants in the desert, successfully store the co2, dispose of co2/methane from the coal mining, get billions of litres of water in a desert. and they ain't gong to get support from the greens.

If they were smart they'd get Airporducts to build them a green hydrogen plant that can produce 300 tonnes of Hydrogen a day for approximately the same price. Airproducts are building a 650td green Hydrogen for $5b in Saudi. Green Hydrogen will get a premium.

But when you'd got a hammer (the coal lease) everything looks like a nail.