RE: 2025 Plans1 Nov 2024 18:53
You would have thought a CEO giving an update would have also mentioned what was happening - or not - with United Hydrogen. After all, he did say in the summer he was in daily contact with them and an announcement was imminent.
It's a good announcement in the sense it confirms everything is on track. But to be honest, it's only what you would expect at this stage. I'd expect nothing less than them to be working behind the scenes. The real nitty gritty comes with testing and then, more importantly, what follows, as Red as laid out.
I'm very wary of CEOs giving a broad brush statement such as looking at the Saudi market. It causes me to think it's mentioned just to keep everyone happy. It's very easy to focus on such comments and not to question that which was promised but not materialised, such as United Hydrogen. Almost as if it was said to deflect.
Into November now. The month Will Davidson said he was aiming their IPO for, but which would most likely be March next year.
I feel the next few months are going to be increasingly volatile on an almost daily basis for the share price as the market makers feed off shareholders and potential investors excitement and wariness leading up to test results.
The process of getting the test unit working successfully is not as straight forward as some seem to think it shall be.
An interesting end to the year lies ahead.