Maxim Power Corp T.MXG

Alternate Symbol(s): MXGFF

Utilities Utilities - Independent Power Producers

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.

TSX:MXG - Post by User

Maxim Power Corp

Bullboard Posts

Post by Georgia_Straighton Jul 26, 2002 12:03pm

186 Views

Post# 5317510

Observation

In March, MXG had $1.2 million cash. With the subsequent financing of $19 million, (assuming the cash was not used to pay down the Current Payables and Loan) the stock price at $0.15, it would approach the value of the cash on hand! Interesting....! I'm in for more at these levels.

Bullboard Posts

B2Gold stock buckles under news of labour strike in Mali