PRL Media/news, page-3380

Interesting to see the nervousness of investors in PRL being expressed here. I get it's a human instinct to want reassurance when things look unpredictable and there are unknowns. But some of the irrational comments are amusing. Let's break down what has happened.

People have said the company is pathetic at communication. Do we honestly think that David Frances doesn't want to communicate with investors or can't be bothered? The Hyenergy project is his baby and he wants this to become something huge. He's already ticked off plenty of important milestones. But don't forget this project is still in its infancy. The Share price at 20c different reflect the long time horizon this has to go through. The project won't be selling hydrogen til close to the end of the decade. A project of this size has many hurdles, risks and negotiations to go through. But geez it's worth it for the potential outcomes.

People are panicking about the shareholders agreement. That a timeline was given for it to be done. Do you guys honestly think that Total Eren care about getting that agreement signed to please PRL share holders? Frances may have intitially been informed that it would hopefully be signed by a certain time but things change. Total Eren are in no rush to get this done. They are monitoring government regulations, the wider hydrogen industry, off takers and sorting out potential exporting methods. So yes things have been delayed. Yes time has gone by and PRL haven't said much. But there's a lot more going on than we know and simply saying PRL management are pathetic communicators is just silly.

Let's not forget we have literally just come back from Summer break, offices are just reopening and WA have a brand new Hydrogen minister getting to grips with his new big role. We are about to have the export study with PV1 released by the WA government (also slightly delayed- get use to it delays happen).

So let's calm all the panic voices, if you can't stomach delays or volatile Share prices, maybe consider just investing in an ETF.