RE: RE: Sultan66 ?Hi Firefighter and board,
I have been sitting on the sidelines quietly adding in the 1.20's while I could. I have been very busy with work and my personal life but have had reading blitzes of 5 days worth of posts here and there as time permits.
My outlook for the company has not changed. There are some companies out there that have been battered for economic reason, especially industrial metal companies as demand concerns grow. Cobalt, Moly, Copper, etc.
Lucky for us, this really doesn't affect the company. I have had a lot of friends, family and colleagues buy into wind over the years and this is what I tell them: Barring any hurricane/tornado that tears down the entire wind farm, there is zero risk to our cashflow once Windstar starts producing as we have a 20 year agreement in place for that supply.
Therefore, it is known that our power production will grow 230% once the project is producing, which means that much more revenues. Sometimes companies languish due to mismanagement or market conditions. In our case, we were simply under the radar (thanks lawrence and IR). I don't doubt that this offer is a pain in the a$$ for management as they were wanting to use our dep. credits to buy back cheap shares and lower the share count in anticipation of something like this. UNfortunately, this offer has raised the price almost too soon by about 3 months. Don't get me wrong, I am thrilled to see the price where it is, but I am also patient and would have loved for my share to be worth more thanks to the SIB and then more from a take over offer later on.
I am with management in recommending we reject this unilaterally.
Next up, early completion of Winstar.
Then we continue on with our 1300MW pipeline of projects :)
GLTA ,
SuLtAn