I think Hazer really dragged their feet in 2017 and the start of 2018, and they should be further advanced at this point in time compared to where they are now.
But I feel as though the amount of work being done behind the scenes currently is probably adequate, but they are keeping their hand close to their chest.
The work they are doing with GLP Group is being done on an ongoing basis, and I'm sure there is a lot of planning being done in the background with gas suppliers, and hydrogen users, and financing parties.
I also think there the Primetals deal is still on the cards, and we could still licence them Hazer just for steel manufacturing. I assume this because Hazers role in steelmaking is continually mentioned in presentations, so if its not primetals, its someone else. If such a deal did eventuate, I wonder whether the licencing agreement might be by an upfront payment, or as a cornerstone investor package? Because any royalty with a steelmaker probably wouldn't yield revenue for 4-5 years..
HZR Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
