TSXV:NKW.H - Post by User
Comment by
BayWallon Jan 08, 2025 4:58am
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Post# 36393644
RE:For stock pickers
RE:For stock pickers A critic may say its been almost 3 years of a flat stock and a 2 cent low, making the stock nearly worthless. So any indicator which appears positive is an illusion. Seeing stock chart patterns which don't exist. Also strongly promoting a stock, may forge bullish patterns, but it's not real. Not easy to pick true winners.
Wasting time with the stock some will say. Cost of offshore and maybe no buyers for the electricity. And if there are buyers, it's a long time before anything gets developed. Still unexplainable is the March 2024 hic-up.
Could cite stock examples which have come back from sub 5 cents. No assets, just dreams. Many examples on the Venture Exchange. Cryptocurrency related business opportunities. Maybe AI related firms also and so forth. Getting on the "flavour of the day" bandwagon.
This company maybe has a taste of the flavour of the day, but stresses the needm for electricity. Electricity demand was badly underestimated by BC Hydro. Even Site C dam was questioned as to its construction. Now some estimates say need at least 5 such dams to keep up with demand. There are 19 green hydrogen proposals in BC.
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Just a note on the grid-"Additionally, the current powerline has surplus capacity for energy flowing east to Prince George and the rest of the province. Renewable energy from the NW can also provide the needed electricity to reduce the provinces dependency on fossil fuels". (Oceanic's MD&A)
A second line will be built, increasing capacity to export electricity out of the region as an option. But will depend on BC Hydro.