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

Comment by Georgia_Straighton Jul 31, 2002 1:34pm

93 Views

Post# 5328861

RE: Possible buyer ??? Is it Finning Intl ?

My guess is that Finning would not want to take their holdings higher at this time. If they were over 50% I believe they would need to consolodate Maxim financials with theirs, which wouldn't help the Finning statements any (not that they need help!). I think the institutional buying is recognition of a deflated value. I started buying again ar $0.20 and got a very large amount (for me that is) in the $0.16 range. I look for this stock to be $0.50 by year end with lots of 15 - 20% swings to do some day trading on.

Bullboard Posts

A PGM mining stock with value written all over it