OTCPK:TMBMF - Post by User
Post by
gavitronon Mar 20, 2012 4:05am
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Post# 19693311
Power Project
Power Project Check the news feed for info regarding the new project. Guess this is where the proceeds from the mill sale are going. I like it. Sell stuff that loses money to build things that make money. Seems like a good strategy to me. A couple highlights that caught my attention were Quebec Hydro getting an option to buy shares at $7 (I guess someone figures that will be a good deal at some point), the fact that a contract to purchase excess power is already in place and the fact that the company doesn't have to start payments until 3 years after the loan is issued, which should be enough time to start capitilizing on the improvments. Spending 190million is scary, but I like the setup.