GREY:RSERF - Post by User
Post by
psj567on May 07, 2015 12:36pm
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Post# 23704678
REO Secures Government Permits
REO Secures Government PermitsREO issuued a new press release yesterday disclosing the majority of Serbian government approvals for construction of the Brodarevo Hydroelectric Projects have been secured. This is a significant milestone for REO as it is can now secure the final building permits in a very short time period. With all the other major rivers in Europe that can be dammed having been dammed, the River Lim in Serbia is the last one avaiable. The market does not understand what a valuable asset REO holds in this regard. Some major energy player in the region from Italy, Austria, France such as ENEL or GDF SUEZ (now ENGIE), will likely acquire this project. While management has stated in the past that it would like to partner with somebody on this project, it makes much more sense for an energy company to acquire the project outright. REO is significantly undervalued now that the Brodarevo Hydro Project has been substantially de-risked.