Ann: Share Purchase Plan Offer Closing Friday 8 December 2023, page-80

It’s already way higher, you are probably only looking at what your broker site calculates from the listed shares, but they have a bunch in escrow, total 140m shares, which at 75c is $105m MC (and they were over $1 a week ago) plus at least $15m more from the placement and it hasn’t been revealed whether retail get a go in an SPP or whatever yet either. I suspect they’re a busted flush until their follow up campaign and they are going to have to prove up commercial hydrogen and get it into production like their boss claimed he would do by end of 24 including a processing facility, so a little on the unlikely side, rather than prove up the concept which they have succeeded in doing so far. They were 23c before this campaign and I can’t see why it won’t be back there before too long, particularly if 2H floats and the same crowd fancy a rinse/repeat.