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Gold/Mining/Energy : Tathacus TTC CDNX - hydrogen

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To: marcos who wrote (8)9/16/2000 10:17:12 AM
From: MrsNose   of 34
 
Hi marcos! I guess we have to play this one on the momentum. Should be interesting Monday.

Margie

Picked this out of the National Post:

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Love those fuel-cell stocks Ballard Power Systems Inc. (BLD/TSE), king of the bunch, rose 10.3% on the week after California regulators decided to keep a rule that will require 10% of new vehicles sold in the state to produce no emissions.

The whole sector has worked itself into a frenzy. Tathacus Resources Ltd. (TTC/CDNX) rose $6.70 to $8 yesterday, after a related company, closely-held Xogen Power Inc., said it has developed a generator that can take tap water and produce hydrogen, which could be applications in the fuel cell business.

It is little wonder that investment bankers have a whole load more of fuel-cell technology related companies ready to go public.

The top three performing stocks on the TSE this year are all fuel-technology related, led by Ballard up 307%, Westport Innovations Inc. (WPT/TSE) up 267% and Global Thermoelectric Inc. (GLE/TSE) up 208%.

Let's hope the whole science of fuel cells actually works and we're all driving non-gas-powered cars in a few years. If that doesn't happen, a lot of people are going to lose a ton of money. Ballard - with little revenue - is worth $14.7-billion, not far behind the Bank of Montreal at $17.3-billion.
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