RE:RE:RE:Anyone buying?Western Wind received a loan based on a signed PPOA which made it financible and the project was not 100% owned by Western Wind, it was owned by the lenders. As for the the board of directors that was the main reason nobody else would bid on it.
You don't have a PPOA for any Alberta projects and therefore have no financing, no project.
Very simple.
The value created at Sage Ranch is not immense (at least not yet) and is the reason the possible lender is only referencing loaning monies that are potentially recoverable via the sale of the property (assets). They are not giving all the $40M mandate referenced, only a portion of it, based on the assets.
That is how project financing works.
You have a guaranteed avenue to pay me back my money (with interest and collateral) and I will loan you the money.
That is how mortgages are taken out with private investors from institutions like PacWest. You can borrow money by giving them your property to be utilized as collateral.
I believe you know this.
Otherwise, good luck buddy.