OTCPK:MGMXD - Post by User
Comment by
Beetle21on May 20, 2012 8:15pm
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Post# 19930114
RE: They have got to be kidding!
RE: They have got to be kidding! Reading a couple of different articles on the news release, they have not paid anything up front for the properties. Sounds like Alterra and a partner, which has always been GE so far, will build the wind farms and English Bay energy will get a cut of the cashflow from operations. I recall hearing they wanted wind power to supply the LNG plant, try to make the project as "green" as possible. 150 Km doesn't sound too far away, doable anyway.