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HXG

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5.00%

2.1¢ hexagon energy materials limited

Not sure what they are playing at, but they get away with...

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Ken70

71 Posts.

15

07/07/22

10:32

Post #: 62416182
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Originally posted by hoodle: ↑

Companies need a Strategic Competitive Advantage to survive and pay dividends. Can anyone explain what the SCA for HXG in H is?

They have no gas, no infrastructure, no offtake, no IP, no CCS, no MD and no experience. If it was as easy as they think, wouldn't every punter with a gas reserve be touting a Carbon Neutral H strategy. At least if they had a gas reserve they could guarantee the supply cost.

I am amazed that after Pedirka they are still going down this rabbit hole. They burnt through approx $10m on a really badly researched idea. If they continue down the H path how will they compete against someone with IP, gas, CCS and experience?

How much cash do you think they have left? At what price will the next raise be?

I genuinely feel sorry for value destruction that has been caused here over the last few years. They could have stuck to their knitting and spent the $10m progressing other assets or buying something with more promise. GLTAH

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Not sure what they are playing at, but they get away with it!

They do do colourful diagrams though :-0

HXG Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $10.77M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$8.053K	382.5K

Buyers (Bids)

No.	Vol.	Price($)
4	200000	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	373432	5

View Market Depth

No.	Vol.	Price($)
3	175000	0.020
4	493216	0.019
2	105393	0.018
1	300000	0.017
2	285000	0.016

Price($)	Vol.	No.
0.022	373432	5
0.023	2372480	4
0.024	612722	6
0.025	127545	1
0.026	294117	1

Last trade - 15.53pm 06/05/2024 (20 minute delay)


Last 2.1¢			Change 0.001 ( 4.55 %)
Open	High		Low	Volume
2.1¢	2.1¢		2.1¢	92200
Last updated 12.32pm 06/05/2024 ?

HXG (ASX) Chart

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