H2G

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0.8¢ greenhy2 limited

You'd think there's a lot of things the connected and wealthy...

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27/05/24

06:26

Post #: 74017120
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Originally posted by friendlydwarves: ↑

You'd think perhaps H2G will do pretty well (both in terms of share price and its business) from various matters announced in last night's budget. It included an estimated $8.0 billion over ten years from 2024–25 (and an average of $1.2 billion per year from 2034–35 to 2040–41) to support the production of renewable hydrogen, including:

- a Hydrogen Production Tax Incentive from 2027–28 to 2040–41 to producers of renewable hydrogen to support the growth of a competitive hydrogen industry and Australia’s decarbonisation, at an estimated cost to the budget of $6.7 billion over ten years from 2024–25 (and an average of $1.1 billion per year from 2034–35 to 2040–41). The Hydrogen Production Tax Incentive will provide a $2 incentive per kilogram of renewable hydrogen produced for up to ten years per project, between 2027–28 and 2039–40 for projects that reach final investment decisions by 2030;

- $1.3 billion over ten years from 2024–25 (and an average of $151.6 million per year from 2034–35 to 2038–39) for an additional round of the Hydrogen Headstart program to bridge the green premium for early-mover renewable hydrogen projects. The expanded Hydrogen Headstart program will support the early movers investing in the industry’s development in a way that complements the support provided through the tax system; and

- $17.1 million over four years from 2024–25 (and an additional $2.5 million in 2028–29) to deliver the 2024 National Hydrogen Strategy, including hydrogen infrastructure planning, social license and industry safety training and regulation.

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You'd think there's a lot of things the connected and wealthy directors of this vanity project would be capable of but resurrecting anything of value from the dumpster fire of Tempo (TMP) has not been one of them.

Of all my favourite cynics on HC, seeing you holding here was definitely not on my bingo card for 2024.

Still, if you bought around the CR price it's been a pretty impressive stag profit in very quick order with record volumes. Well done.

H2G Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $4.785M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$118	14.76K

Buyers (Bids)

No.	Vol.	Price($)
9	1338778	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	200250	1

View Market Depth

No.	Vol.	Price($)
9	1338778	0.008
9	1442639	0.007
4	1270000	0.006
4	1567833	0.005
4	1828022	0.004

Price($)	Vol.	No.
0.009	200250	1
0.010	1506000	3
0.011	517085	3
0.012	448411	2
0.018	386417	1

Last trade - 15.49pm 17/06/2024 (20 minute delay)

H2G (ASX) Chart

You'd think there's a lot of things the connected and wealthy...

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