RE:RE:RE:RE:RE:RE:RE:SJE MW by the day...
Gardner555, I wish I was wrong as well. But unless something Holy happens I am very sure those numbers are gross. Remember I did ask Steve about this so I mean what else do people want to hear. 57-58mw is going to put us shy of 55 mw's net. I think they will probably do a re-test (which they are allowed to do anytime) after the 20 day wash is over, then try again to get us over the 55 mw net level......maybe even more. Second thing we can hope for is that the plant is running at a greater effiencieny than 92%. Running at 95% just puts us over the the 55 mw net level assuming our average is 57.90 gross.
From what I understood from Steve, technical default does not mean bankruptcy or game over in any form. It means we are in default with the lenders and just like they already did, they might have to negotiate something to keep the lenders from accelerating the loans. I'm not saying this is okay, but depending on how far away they are from getting a deal done I can't see the lenders not okaying some type of a waiver to keep things moving. But it is up to them to indicate if this is problem or not.
So again I think we are looking at an EBITDA of around 42 million. They will hopefully promote other cost saving strategies to a potential partner. Murray made some suggestions that 3.5 million dollars per year in company costs might add some value and someone most likely could re-finance the debt which may save around 6 million dollars per year in interest costs. Although not earning per say, but would go towards the bottom line. These are if's mind you
Comments welcome
Mark