CCAAThe report of the Court Monitor in the CCAA proceeding cast a good light that there are serious buyers for Dokie I and the Dokie expansion. With a development bonus for the expansion and the new buyer taking the benefit of the capital already spent by Earth First, my valuation analysis puts an offer to EF at $50 Million Canadian or 45 cents per share. My hope is that the current Board which includes people from the initial blunder do not blow the money like they did the first time. Hopefully that European fund that owns almost 20% of the company will make sure the company is run by astute businesspeople rather than blockheads with professional designations at the end of their names.
WG