Post by
BayWall on Dec 03, 2022 1:18pm
My take
A financing can go unnoticed. But in light of this statement by the CEO: "Once there is greater certainty as it relates to both the markets and the future progress of the project, the Company will look at raising sufficient funds to maintain its reduced level of activity into the future."
Investment tax credits will be introduced by the Federal Gov't next year for renewable energy projects including hydrogen. Will drive costs down and make electricity pricing more competitive with hydro.
Maybe the siting of the windfarm may have changed. People come from around the world to visit. They are engaged by Haida mythology and Rose Spit as being the birthplace of the Haida Nation. To see wind turbines in the area may impact their experience, preferring instead a more prestine view.
Also the tax incentive could allow for placement of the windfarm further away from shore and eye view in deeper waters.
Recent announcement about a green hydrogen/ammonia hub near Prince Rupert is in its early stages and Federal Govt's contribution to expand export facilities. A key thing is to secure a PPA. Maybe progress was made in this area.
On the company's side, a new director was appointed. Largest shareholders all participated in the recent private placement. If it means anything, recent reporting of news is more meticulous, despite the company still being on the NEX Board.
Seems like a lot of things have to come together. Even things not aforementioned.
Time will tell.
Comment by
cashworx83 on Dec 05, 2022 12:58am
This post has been removed in accordance with Community Policy