HXG 23.5% 1.3¢ hexagon energy materials limited

Ann: Substantial Progress Made on Pedirka Blue Hydrogen Project, page-10

  1. 1,341 Posts.
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    1) The BOD managed to do a deal that diluted you all by 23% for what was essentially an orphaned coal tenement that Ebony tried to commercialize and couldn't.
    2) on the Hydrogen thematic they then sold you shares at 11 c, Twice the value before they mentioned Pedirka. This issued $6.2m worth of new shares, again diluting shareholders.
    3) no mention of the "December" PFS being delayed until a few days ago, yet they were well aware it wasn't going to be delivered because they couldn't drill a hole because they couldn't get a permit.
    4) now they are looking at alternative feedstocks and renaming the "project".
    5) and looking at dropping Blue Hydrogen for Green in the future. I thought the messaging was they are both zero emissions.

    Who here thinks that is a good investment and a wise use of shareholder funds? @teddie you seem to have lost your puff
 
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