Hi Tony,
I am totally excited about the FMG initiatives building FFI business. I could not believe they built that truck in 130 days. I actually been Twiggy's fan and following FMG since 2008.
I am the first believer that Hydrogen is the future. In fact, I think I posted some months ago that I believe that Hydrogen will revolutionise the energy sector just like internet revolutionised our lives in 90s. I am just a little unsure about the costs structure to accomplish their goals . They made a lot of announcements recently, but not much disclosure re Capex apart from 10% NPAT. Surely they have a plan and will reveal it eventually.
But also they are not the only company in world and and Australia working on it. Healthy completion is much better than monopoly in any industry. There is probably room for multiple suppliers. Whoever can deliver at a scale and cheaper cost will be a winner.
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