SGC 25.0% 0.5¢ sacgasco limited

Ann: Response to ASX Aware Query, page-65

  1. 5,670 Posts.
    lightbulb Created with Sketch. 1060
    Sounds like you are pretty positive that the ASX will accept a hydrogen "idea" - that hasn't been costed and relies on presumptions - as more being material than the abandonment of the Borba commercialisation strategy - which was intended to produce near term revenues.

    I suppose a junior with ~$1.1 million in the bank last quarter didn't feel the need to explain to the ASX how it would fund such a "pivot".

    Funding requirements for Canada and the Philippines are/will be material.

    Funding requirements for Borba were material.

    So when does abandoning a project defined by a clear, re-iterated intention (connect to a gas pipeline) become immaterial?

    Above is not financial advice and my opinion only.
 
watchlist Created with Sketch. Add SGC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.