I do understand those points @jcmleng and @SudMav - however the main point is that there is a company out there who are prepared to take on Hazer's technology to at least incorporate it into their bid. That alone should lend further credibility to the tech in the eyes of the market.

That's probably enough for people to start taking this company more seriously, however there is also a chance that this particular bid is successful, and I would suggest the positives of this bid include:

1. Both the OneSteel (Whyalla) administrators and the SA Government want the steelworks to be sold to somebody who can make it work, i.e. not fail again in future years.
2. The Whyalla steelworks has failed to be consistently profitable under different operators so any operator who wants to run it the traditional way is likely to need ongoing government assistance, so the SA Government would be super keen to see the steelworks become more modern and greener and hopefully differentiate the end product on the basis of the greener manufacturing process so that it could be consistently profitable in the future.
3. The SA Government has been keen in prior years to embrace new greener technology, such as the Hornsdale Power Reserve (Tesla Big Battery) near Jamestown, mid-north of SA, commissioned in December 2017 with an expansion completed in 2020, significantly boosting its capacity and grid support capabilities. It's a key grid stabilizer and energy storage system, owned by Neoen, providing crucial grid services and saving consumers money - I believe it was developed with the full support of the SA Gov at the time and guaranteed by Elon Musk who wanted to get a few of those large Tesla BESS systems into operation around the world to prove their worth.

There are obviously no guarantees, but I don't think this is going to be a purely financial decision in terms of awarding the Whyalla steelworks to the lowest bidder. I believe there are other considerations that are far more important - such as the need to do things differently in the future so the past is not repeated.

We shall see.

However, if nothing else, this does prove to the market that there are companies (other than Hazer) out there who think Hazer's tech is worth incorporating into their own projects, so some validation of their tech even if the bid is ultimately unsuccessful.

Totally agree @Bear77 re the progressive mindset of SA gov. They are also relatively pro-gas and will love the idea of using potentially local gas and local iron ore catalyst to produce low emissions hydrogen. It would help them wipe some egg from their collective face after the losses on green hydrogen at whyalla.

The optimist in me hopes they push whoever the successful bidder is to use the technology. Hopefully that exclusively to M only matters until M are knocked out, then someone else could incorporate Hazer.

Late catching up with this, but to @jcmleng's,@Bear77's and @Longpar5's points, it's worth noting that POSCO (Korean Steelmaker) has been evaluating HZR tech at it's own steelworks in Korea for about the last year, and from memory that evaluation is still progressing in a positive way.