RE:RE:RE:RE:RE:RE:RE:RE:End of Day there is only 8 Trading Days Left.........Here is where I am having troubles: Sorensen says that as a toller alone he could have
gotten the financing. thats a very straight forward proposition: Maritime is reversed and
runs at full capacity. rates are rather low as expenses are rather low and at the end of
NS offshore its an almost stranded asset. its a no brainer.
U.S Northeast would love to use it as another outlet and that is it. why reject that?
Second item is the co2 capture - that alone (with a 900MW plant) is worth many times the
current value of Pieridae. they could just sell it to reduce debt (by a lot), which would
make lots of sense (recover much of the purchase for which the debt was issued).
If you those two items, you float value and eliminate debt. at that point you have $50M
fcf.
Anyway - just a thought.