Big money is flowing into Green Hydrogen production globally.
I don't think people realise how big and how fast this massive energy Green Hydrogen industry is going to develop. It will replace Diesel fuel and LNG globally by 2050 and most steel production around the world will be Green Steel produced with Green Hydrogen by then as well. With most major economies including the European Union the USA and China moving to Carbon Neutral by 2050/2060 they have to embrace new clean Green technologies to replace old school fossil fuels.
While Goldman Sachs views green hydrogen as a potential US$10 trillion industry by 2050, it is a scale heretofore unheard of.
PRL with their JV partner Total Eren are in the box seat with first mover status and developing up to 8GW of Green Energy production and exporting Green Hydrogen to Europe, i'd say we are on a winner.
With $23 Million in the bank and considerable news flow expected in coming weeks i'd expect to see a considerable re-rate in the share price by mid August.