FEED studies completed have provided sufficient confidence for us to look to progress our discussions with potential hydrogen off-takers and project co-funders as we head into 2019. As set out in our recent update to shareholders, from our initial FEED Study results we are looking at a Commercial Demonstration Project capable of operating on a continual, 24/7, basis producing approximately 100 tpa of hydrogen and approximately 375 tpa of graphite, and with a target capital cost of ~$10 million.
Obviously the FEED study has been in the hands of hazer management for sometime now.
Again, the whole room of people at the investor luncheon I attended in Sydney were told that feed would be released along with the MIN royalty number.... this would likely cause a re-rate I was told..
It was a free lunch, but as it turns out it cost me 10s of thousands. Thanks hazer team.... Trust factor zero.
Appologies to those who read my report when I returned from the show.
Q1 is now dedicated to offtake agreements and feed study and now NEXT YEAR is the dedicated time to get the demo plant up and running.. it was Q1 to start it... now next year..
Going back to our discusssion yesterday coco. What is going to drive the price for the next 3 months?? Now that a capital raise is imminent? The possibility of an offtake partner, who will possibly generate a small income by years end?
A large firm still has no numbers to run the ruler over hazer to see if they will be profitable in the future.
I can’t believe the contempt shown to shareholders at the moment. Yes, we have feed. But we will supply you a broad overview of what is happening.. this can’t be generating new buying, and gives me absolutely no reason to hold.
I will keep reading the next nothing, shareholder announcements, just to see if these asx releases were just to keep the rest of the board happy who probably wanted announcements and the releaser decided to be contemptuous.
Like my 5 year old son who puts a foot in the bath and says ‘I’m in the bath’..
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