With the completion of the FEED Study for the Commercial...

With the completion of the FEED Study for the Commercial Demonstration Plant (CDP) by the end of this year, we are looking to secure hydrogen offtake and funding agreements that would allow us to commit to this plant by early to mid-2019. This would be a significant milestone for our Company.

As we look to fund the Commercial Demonstration Plant, in addition to our own resources, we will look to work with government, commercial partners and off-takers to support this project.

Myself and the team are fully committed to achieving the major milestones we have set out and taking Hazer into the next stage of its development in 2019, starting with securing the Commercial Demonstration Plant in 1H 2019.

The FEED Study is the only news we are re assured of getting before the end of the year.

But HZROs cease trading 21st December...

So theres a window of about a week where holders may have info which encourages them to convert options... but not be able to sell them into the results of the FEED study.

Interesting to see how the timing of all this pans out.