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HZR - HAZER GROUP LIMITED


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Already getting a fair bit of media coverage and IMO is seriously undervalued at it's IPO price. IPO well and truly oversubscribed and looking to list earlier than initially indicated with now a mid November listing. Lucky to get a few in the IPO but maybe scaled back due to the interest, :biggrin:
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Clean technology company Hazer Group (ASX:HZR) has now been officially admitted to the ASX and will begin its quotation tomorrow.

 

The news follows the successful completion of the company's IPO last month thanks to a positive response to a A$5 million fundraiser. The offer was closed several weeks earlier than expected and was heavily oversubscribed.

 

Hazer's IPO included the issue of 25 million shares at A$0.20 each and strong support from public investors as well as participation by a number of sophisticated and strategic investors.

 

The company will use the proceeds towards the ongoing development of its technology over the next two years, enabling it to tap into considerable opportunities in the global clean energy market.

 

Hazer was established in 2010 to commercialise the development of a hydrogen and graphite production process created by researchers at the University of Western Australia.

 

Global hydrogen production in 2014 was estimated at over 64 million tonnes, at a total value of more than US$100 billion. The most significant geographic markets were Asia (43%) and Europe (23%). It is used primarily used in the petroleum refining process to crack heavy hydrocarbons to produce liquid fuels, and as a feedstock for ammonia production.

 

Hazer's strategy in this space will be to target the growing markets for low-cost synthetic graphite with high-purity and crystallinity ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ which are connected to the expansion of the electric vehicle industry.

 

Analysis

 

The positive response to Hazer's IPO underscores market recognition in the value of clean hydrogen versus other environmentally conscious energy strategies which nevertheless produce carbon dioxide and thus essentially negate their clean energy benefits.

 

The Hazer approach is prospective in that it will pursue the commercialisation of clean technology which is less expensive and more energy efficient.

 

The company's core technology will achieve this by using natural gas (instead of independent primary clean energy supplies) and iron ore to produce clean hydrogen and synthetic graphite products destined for growing global battery markets.

Proactive Investors Australia

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Once we clear the decks of those wanting a 10 to 20% profit hopefully we will head to a share price that this Company should imo really be at. Having said that I was able to add to my holdings at 22.5 cents! :biggrin: Mind you if I got 100000 shares in the IPO I probably would of done the same!
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lodged at 17.34 last night

Principal activities

During the financial year the principal continuing activities of the company consisted of research and development of novel

graphite and hydrogen production technology.

Costs associated with the research and development of novel graphite and hydrogen production technology have not at the

reporting date met the criteria for recognition as an intangible asset. As a result, the company has recognised these costs

as an expense when incurred. The company will re-assess the treatment of these costs during future periods as the company

continues to progress with the development of its technology.

 

Review of operations

The loss for the company amounted to $624,407 (31 December 2014: $32,207).

Operating expenses during the period principally related to consulting fees, employee expenses, general corporate overhead

and costs associated with the listing of the Company on the Australian Securities Exchange ('ASX').

On 30 November 2015, the Company was admitted to the official list of the ASX after successfully raising $5,000,000 before

expenses from the issue of 25,000,000 fully paid ordinary shares at $0.20 per share.

The funds raised from the initial public offering will be used to further research and develop the Hazer Process by funding

development paths being Hazer Process scale-up work, graphite product development / functionalisation and graphite

commercialisation work.

 

As a result, operating expenses are expected to increase over the remainder of the financial year ended 30 June 2016.

watching that cash burn
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