Conclusion: Demand for Hydrogen Fuel Cell solutions in trucking is way larger than the tiny supply of equipment to make hydrogen where NEL is #1 globally. The explosion in Sandvika means there will be no new competitors entering the hydrogen fueling market until existing players have shown that this is going to work. It will not surprise us if there is a bid for NEL from a large German Industrial company now that the industry recognize that it will have to apply the standards of helicopter mechanics in handling the hydrogen production equipment. A bid for NEL now would likely have to be between NOK 10-12 per share to be accepted which is why we keep our 12-month target price of NOK 11.95 even if there is a high chance we get a highly wobbly stock market this autumn