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Voltalia Ord Shs VLTAF

Utilities Utilities - Independent Power Producers Utilities
Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.


PINL:VLTAF - Post by User

Voltalia Ord Shs > Is this Good news or Bad news? - | Report abuse
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Comment by explorer14on Jul 12, 2013 9:24pm
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Post# 21605523

RE: RE:RE:Is this Good news or Bad news? - | Report abuse

RE: RE:RE:Is this Good news or Bad news? - | Report abuse
Hey VentureTrader1

Here's a reply from Kevin B. to you comment earlier this morning


I don't agree with it.  
 
The whole purpose of cutting costs and adjusting to market conditions is so we down "burn through our cash" while we look at our property (that has a great degree of optionality) internally with our own team under current market conditions.
 
This is an honest and prudent reaction to current things that we can't control, like gold price and market sentiment.  Both of these are at long term lows.
 
Cheers,
 
Kevin


 
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