Ann: Management and Organisational Update, page-89

First 3 Last

Share
Profile

Follow
mah

1,431 Posts.

466

19/07/24

14:38

Post #: 74830163
Share

Originally posted by TonyIndo: ↑

For projects to be viable they need to figure out how to produce hydrogen cheaply. Unless those electricity prices are low enough, then you can't make green hydrogen economically, nor will the business be profitable.

Here's what AF had to say in this interview..."where we have low cost energy, we're continuing."

Fortescue have been financially disciplined with what and where they are choosing to invest in. All this talk of Fortescue's Hydrogen plans over is utter nonsense. The focus isn't just going to be on "green hydrogen" alone. It will be green fertiliser which Fortescue are supporting with (Government of Morocco partnership), which let's wait and see how this goes. Then there's the making of "green iron" (in-house and think potential partnership with China). Hydrogen can be used across the board in industry, in energy creation, energy storage (like what Fortescue are doing in-house). They have three FID's over the line and other projects potentially very close to getting the nod. From AF...Re Gladstone, "we're selling electrolysers as we speak".

Why do you think AF has travelled since 2020 to over 20 countries talking to as many investors, governments as possible? There's the Made In Australia incentive package (AU$22.7 billion dollars) that was only announced in May this year. We haven't even given this time for goodness sake. The majority of that over the 10 years is production tax credits for renewable hydrogen and for refining and processing critical minerals. This is very significant for Australia and is something that I am keeping a VERY close eye on from here onwards.

People really need to do their homework before opening their mouths.

Tony

Expand

Thanks Tonylndo, it was a great interview and I am glad that FMG will persuade its visionary ambition of green steel alive and I believe it will happened soon or later . Meanwhile I enjoy my fat dividend and adding to my FMG share when ever I have some spare money. FMG is a go .

FMG Price at posting: $21.69 Sentiment: None Disclosure: Held
2 Upvote

Reply

Top Stories

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Finance school vs reality: What they don't teach you about the stock market

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

First 3 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $19.41		Change 0.420(2.21%)		Mkt cap ! $59.76B

Open	High	Low	Value	Volume
$19.19	$19.55	$19.10	$98.59M	5.097M

Buyers (Bids)

No.	Vol.	Price($)
3	32185	$19.38

Sellers (Offers)

Price($)	Vol.	No.
$19.43	946	2

View Market Depth

No.	Vol.	Price($)
2	31185	19.380
2	2000	19.370
1	2000	19.360
1	10000	19.350
4	14530	19.340

Price($)	Vol.	No.
19.430	946	2
19.450	4300	2
19.490	14477	1
19.500	10500	2
19.510	78055	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

FMG (ASX) Chart

Ann: Management and Organisational Update, page-89

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Finance school vs reality: What they don't teach you about the stock market

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Management and Organisational Update, page-89

Top Stories

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Finance school vs reality: What they don't teach you about the stock market

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News