Ann: Half Yearly Report and Accounts, page-60

Looking at how small companies can progress with public funds, you don't need to go too much further than the Carnegie (CCE). It has been something of a saga … I haven't been following it, apart from knowing it exists and seeing peripheral news.

Point being that a company with a MC of $8M managed to grab a tender from the WA Government worth some $30M - in what appears to be a set up to create a one horse race.

https://www.abc.net.au/news/2019-02...egie-albany-wave-farm-tender-process/10812812

I'm not commenting on the tender or the probability of success - but the government is effectively forking out 4 times the company value to allow them to set up what amounts to a pilot plant - with no guarantee of success.

If they can get that, I would suggest that sort of funding will be available in an area which has much greater interest for public funds than a niche energy player.

I reckon a bigger issue is that, at the moment, there is very little market for hydrogen in Australia - and that is needed to make it all come together. This "hydrogen highway" for the Pilbara, or utilities forced to utilise a percentage of hydrogen in the natural gas they supply would be the catalyst to free up those sorts of public development funds - and Hazer would be a prime candidate for them.