Cielo Waste Solutions Corp. V.CMC.WT

New Press Release - Cielo Announces Asset Purchase Agreement with Expander Energy Inc. to Deploy Market Ready Technology for Production of Low Carbon Renewable Synthetic Fuel

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Acquisition Expected to Accelerate Timeline to Commercialization and Further Advance Existing TechnologyCALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Cielo...read article.

[lscfa]

Cielo is paying $45 million for a partially constructed plant that will generate only $9 million per year in ebitda => payback period of > 5 yrs.

[Char10mad]

Have you not got nothing better to do man  I listened to all your bull on RHT  Get a life and stay in your parents bedroom 

[Canadian_101]

At least they did  not go out of business like a number of companies have in the past few months, there still seems to be a heartbeat, rather hear this news than them saying they are closing their.doors..... in my mind at least there is some hope for success at some point?????

[lscfa]

The Carseland facilty is yet to start construction.    The $45 million payment must be for Slave Lake which had a capex of $30 mil, then $35 mil, then ?? for  20 million lpy, then 22 million lpy to 35 million lpy. https://www.newswire.ca/news-releases/expander-energy-and-img-industries-form-partnership-to-create-expander-technologies-inc-to-manufacture-expander-s-patented-bio-mass

[lscfa]

As Slave Lake is the project farthest along why omit a revenue and ebitda forecast in the news release?  

[lscfa]

Upon further dd it appears Slave Lake is just an announced project. And so too is Carseland. So just what the hell assets is Cielo buying for $45 million? Is it really an upfront licensing fee? Seems excessive when Cielo will also have to pay to build the plants as well as pay royalties on gross revenues.