OTCPK:MGMXD - Post by User
Post by
carinthianon Mar 28, 2014 5:13pm
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Post# 22384080
After listening to the call...
After listening to the call...50% of Shannon seems to be the maximum and Jimmie Creek will see a partner as well...
So instead ot 265MW added we will more likely see something like 130MW... Ok it is 50% within the next 30 month but I have to confess I was keen seeing a higher number.
And the next thing that I wonder about is what volume the holding company financing would show as they should not need more than 40mio to get the equity stakes (50% on Shannon and Jimmie Creek) done? Or did they assume 40mio for 50% each?
What I'd put on the plus side is that they would be able to sell HS Orka via their swedish subsidiary and this way are able to ship around restrictions to get the money out of Iceland.
So it is again sit and wait until they will be able to show us the numbers on Shannon...
At least it seems a dividend is not thought of until payments in HS Orka do decrase from 2017 on...
Just my personal thoughts. DYODD
carinthian