but how many are actually financially viable?Almost none ,...

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stevo

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18/07/24

16:21

Post #: 74815597
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Originally posted by Buckaroo737: ↑

I remember HZR having a bit of a run early this year, but maybe it was just a delayed effect of FMG having a Santa rally up to record highs end of last year pushing the green hydrogen energy narrative? And yeah it was really looking like maybe hydrogen was going to overtake EVs and solar energy batteries judging by the market sentiment, but it's now looking like the critiques were right, hydrogen is too expensive, whether if this just applies to certain types of hydrogen I am not too sure, there is of course also talk about natural hydrogen being a lot cheaper.

But tbh perhaps it may be better off just watching on the sidelines, as no one really knows for certain how much white/gold natural hydrogen is actually going to cost to set up an operation and produce..... Until one of these cos like HYT or GHY actually get there. Capex and Opex dissappointments are everywhere at the moment.

So what now? Green Energy/renewables just looks like it's too expensive to set up overall. The governments are throwing heaps of money at these sort of projects, but how many are actually financially viable?

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but how many are actually financially viable?

Almost none , otherwise investors would be breaking their necks to get a piece of the action.. The truth is renewables are a complete failure, but the ideology is so strong that we have to wait for the fullness of time to comprehensively prove to the coolaid drinkers that they have been had big time.

At least Forrest hasn't destroyed his company before waking up. But it has destroyed his credibility.

It seems to me like the ongoing failures of renewables which has forced the increasing prices in energy costs is finally now gathering momentum.

FMG Price at posting: $22.04 Sentiment: Sell Disclosure: Not Held
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