Western Wind Energy Corp V.WND

Yabucoa =+ $160 million on sale

[Probability]

The compromise which favours all of the shareholders, is to conduct an immediate and thorough sales process that will include the closing of the following milestones:

1. Financial completion and start of major construction on the 30-MW Yabucoa Project, Puerto Rico. This will add $160 million to Western Wind's balance sheet to approximately $560 million at time of sale;

2. Negotiating the balance of the cash grant proceeds from treasury;

3. Completion of the mezzanine loan facility from our senior lender in the amount of $25 million, which can repay the high cost corporate notes;

To complete the above, allows Western Wind, in the opinion of the Board, to be sold, subject to market conditions and shareholder approval, at a level between the October, 2011 Algonquin "bear hug" bid and the published DAI valuation.

[bakken13]

"to be sold, subject to market conditions and shareholder approval, at a level between the October, 2011 Algonquin "bear hug" bid and the published DAI valuation." ============================== So, about $3.50, like I said.

[j_mart]

This post has been removed in accordance with Community Policy

[madmoney92]

hey J_mart have you contacted Jeff in regards to obtaining a possible range for the bids ??

[Pason]

I'm just a rookie at this, but even I can come up with a $5.10/share valuation from quickly punching numbers from the links you provided.  And odds are I'm low. Thanks Pason

[impega]

If the remaining milestones are achieved the winning bid will be very close to the DAI valuation of $5.50 a share. So lets say $4.50 to $5.50 a share. Q3 earnings will be out soon and will be a record quarter. We will be breaking out of the recent trading range which will serve as a solid base for liftoff. Here we go...........

[bakken13]

impega, nothing would make me happier than to have you and the other optomists proven correct, and we get well north of $4.50 a share. But I would think we would be trading well above $2.50 if that were to be the case. WND has to present the highest offer to the shareholders for approval, so where is the risk that would cause us to trade at a 50% discount to the buyout price? It simply doesn't

[Allanapotashbelgium]

If the remaining milestones are achieved...   mgmt doesn't has the best trackrecord when it comes to meeting deadlines, I hope this (last) time will be an exception

[peter75]

Bakken your statement  makes for confussed gibrish putting it bluntly Why would valuations change before earning releases Wnd is just starting to mature like a little child,.it is leaving toddler stage Life is about show me the money when it comes to stocks You must have missed class that day when I posted nav reports along with fwd earnings and other metrics used in valuing a companies

[impega]

Windstar financing and construction were delayed countless times but the project got done and is now the crown jewel of the company. I'm sure the remaining  milestones will get done and that will be the catalyst for the move up to $4.50. In the meantime the market has the stock capped at the current level until the milestones are complete.

[peter75]

I spent the better part of the afternoon reading there balance sheet alomg with hearing the last confrence call 63 million shares outstanding Here are a few assuptions windtar 120 mw added 10 million in sales= 3.2 million to the bottom line total netincome minus - deficit previous quarter Paid 6 million in intrest  for the quarter vs 1.7 million previous qr cost of revenue on the