Shares in Gold Hydrogen, which hopes to capitalise on global demand for zero emission fuel sources, rose as much as 10 per cent on their first day of trading.
Gold Hydrogen chief executive Neil McDonald and chairman Alexander Downer mark the company’s ASX debut on Friday.“In this climate, we are thrilled with the result. Our investors are true believers, they believe in our vision and understand we can play a key role in the energy transition,” Gold Hydrogen chief executive Neil McDonald toldThe company raised $20 million in its initial public offering, which it plans to use to begin drilling in South Australia.
Mr MacDonald said recent survey work undertaken by the company had made it even more confident in its assessment of large-scale amounts of hydrogen.but this could be confirmed only once drilling began.