As we have discussed many times on here, the hazer team seem to have all said they want the oppies in the money..
Except one..
The same one that removed momentum by deciding to NOT communicate with shareholders because anything that could be announced has already happened and is past tense.. This is the explanation of why he didn’t need to communicate to shareholders at Techknow to me.
If you go back through my previous posts, you will see after Techknow,I disappeared for a day or 2.. as I thought I had heard everything wrong and taken it the wrong way.. since then I have heard from 2 other people who have had similar conversations..
Then there was the reason for no more partners, and no more licensing deals and wanting to ‘go it alone’ which I have mentioned many times here.
Just so I am clear, after my conversation, my friend and I left Techknow, and on the train back, both in disbelief tried to find reasons why we ‘misheard’ what Geoffhad said.. ‘he did say no partners’, not no partners ‘yet’.. no.. he definitely said that too many partners all want to much..
With the communication that hazer have with potential suitors that I have heard many in the hazer camp claim, (and I don’t doubt). If they convert 1 or 2 of those communications with, say Harringa energy that you are so familiar with olderwiser, or even a BOC with some kind of demo plant for a conversion away from steam reformation.
These communications have been mentioned by many hazer employees also, again at Techknow, one communication I had told me of the many approaches they have had for the hazer tech, then made some reference to a bag of marshmallows, and trying to choose the right marshmallow that fitted all of their criteria.
Choose one... Then the options would be well in the money. But Geoff told me that options shouldn’t be traded and are only an option to buy a share. That’s also a way to fund the future you are looking for, but now.. the momentum is gone. The month after the road shows when we got a new ceo and heard nothing and then got an introductory letter that tied us over till the next month.
Maybe the tech just isn’t ready, but the fabulous achievements say otherwise. I’ve said it many times before, this tech can change the world. But if it is unknown and held by a few, it will do nothing. It’s like a small medical company trying to take a cure for cancer to market on their own.. suicide.
Why this small company is trying to go alone is beyond me.. as the timeframes that we are restricted by including solar uptake and electrolysis, who could catch up within 5 to 10 years. In that time hazer will fund a demo plant, (again, beyond me, why demonstrate anything unless you want partners).
I saw a glimmer of hope in the last month where it seemed after their board meeting where someone must have brought up the point that the sp was under exercise price, we got a shareholder update.. good.. but the momentum from the roadshows was gone. 2 months before that..
The reason for the lack of interest and the very very low volumes in hazer at the moment, lies firmly on the shoulders of the board and to pass that off as global, imho, for the reasons I have stated is poor.
Each to their own, and as I have stated many times also, I have made my bed knowing the risks, and I will suffer the consequences.
Imho it is too late to tune it around.. many options won’t be exercised. And hazer will struggle through the first half of next year.
I have been wrong many times before and for current holders, I hope I am wrong.
GLTAH.
HZR Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
