Thanks
@Propunter2 - appreciate you sharing of your thoughts. I have a few questions that do not add up in my understanding.
Are you suggesting TNG is ahead of competition in the green hydrogen space in NT because we are hanging on to Middle Arm location, whose permitting or knowledge of is more advanced than other players, including potentially any FFI interests in NT?
My understanding of the use of green hydrogen = converting electrical power from wind and solar power into hydrogen through the electrolysis of water, a simple process that can be carried out with relatively high efficiency. The hydrogen must then be stored - and steel containers can be used for small scale storage. Multiple steel containers can be transported to where the energy is needed, and it can then be released again by using the hydrogen gas as fuel in a combustion engine - or in a fuel cell, which offers the best efficiency for the use of hydrogen.
So who is TNG targeting as customers for green hydrogen with a plant in Middle Arm - local industries, international markets, remote mine sites/communities? And if FFI are investing in all sorts of hydrogen assets around the country, does that put TNG in their cross-hairs or maybe an acquisition target due to advanced permitting in NT? (Ironic that I am suggesting permitting being advanced in NT!!)
TNG's 21-Sept announcement about AGV partnership "
The joint venture’s ultimate objective is to develop multiple HySustain production plants around Australia to diversify production and service green hydrogen demand and emerging regional hydrogen markets, with a focus on Australia, Japan and South Korea. AGV Energy is well advanced in discussions with potential hydrogen off-takers in the region, including potential groups who have expressed preliminary interest in Australian green hydrogen off-take." This suggests a competitive offering to FFI providing green hydrogen to potentially similar target markets.
If TNB Berhad sign PPA with Suncable and have a partnership with AGV, what's the upside/connection to TNG? They will consume energy output from Suncable in Singapore if a PPA is signed between the 2. Or are you suggesting TNB could instead sign an agreement with AGV/TNG for green hydrogen?
I've said it before, will say it again - all this is well and good, but we need Mt Peake turning over soil! Without that, all this appears as "noise", be it good noise, but noise nonetheless! We need certainty to financing and progress for Mt Peake mine + TPF - its no wonder we are languishing at $100m mkt cap! Whilst Twiggy is diversifying from Iron Ore into hydrogen, at least he is diversifying from a platform of a profitable business. TNG seems to be diversifying into other areas before any of it has even started re: mine site, TPF/Tivan, etc. The notion of digitising TPF plans does sound like SMS wanting a cookie-cutter approach - time shall tell.
Hope the mushroom pie satisfied your appetite.
