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Safe to assume there will be no further development within the...

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2,180 Posts.

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30/04/24

15:19

Post #: 73586572
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Originally posted by camban: ↑

The most recent extraordinary thing to me is that the EPA assessment is an essential “must do” for this HyEnergy project - if it is to be believed - and not simply a “nice to have”. The sooner it is commenced the better. Whether the fee is $25K or $900K+, an EPA review has to occur.

It speaks volumes about the co’s own view of its chances when this spending is not given first priority over sitting on the $10.8m cash pile for other purposes (like another year of their own outsized salaries & fees for doing next to nothing). Each of these directors needs to take a good hard look at themselves, they have jailed investors in and pulled down the shutters. Are they actually progressing a green hydrogen project in the Gascoyne or are they not?

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Safe to assume there will be no further development within the next 6 month. I’ll have to do some reading on this, is it something that can be easily “paid” once they are ready to progress further, which therefore means it is a waste of $ in the interim? If someone can answer this for me it will save me sometime as I’m a little pressed for that at present.

PRL Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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