Update from Greenchip stocks. Last week I got a question on the message board about Western Wind (TSX-V:WND).
Here's what was posted. . . Anyone have a perspective on when we might see some action on the proposed sale. While I am very positive about this company and Obama's reelection bodes well for alt energy, acquisitions during the current economic logjam might either delay sale or erode price. Any thoughts?
Well, I spoke with my contact over at Western Wind to try to get some clarification on this. He told me that he was just getting back to town from Vancouver. They met with four different companies, and will announce the final cut in mid December. The stock actually has fallen a few cents over the past week or so. But I still believe the company will go for no less than $3.00 a share. So at these prices, it could be a good way to pick up a quick 26% gain. It's not a lock, but knowing that management lands a significant bonus if the sale comes in at no less than $3.00, makes me cautiously optimistic about that $3.00 price point.
Jeff