I did a bit of a dive this morning and (to me) it all seems quite opaque. Major shareholder of PH2 seems to be Liberty Energy Capital which is 100% owned by Sirius Capital which is itself owned by ?, seemingly a group of private investors referred to as Family Offices. The website for Liberty Energy Capital includes a wheel with 17 entities, including Sirius Capital and Liberty Hydrogen, which was listed as ASX:RLE until earlier this year, after which all shares apparently went to PH2 under some arrangement. Yet, Liberty Hydrogen is still displayed. PH2 = Pure Hydrogen, but as suggested in an earlier post has some gas interests...! One of the other companies in the group of 17, Aviation Hydrogen, claims they will have a hydrogen-fuelled plane in the air in 2023. I have an interest in a stock that has been testing crack detection technology for aircraft and it takes years to get approvals through the FAA in the USA. There's always a chance they'll succeed but my gut feeling tells me their time frame is unlikely and, possibly, disingenuous. I am comfortable with the integrity and the Hazer tech and the diligence and care being taken to prove it to scale.
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I did a bit of a dive this morning and (to me) it all seems...
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