Post by
whoami2u on Mar 30, 2021 11:34pm
Getting back to facts...
I've been silent for a few weeks as I have no interest participating in publicly bashing the CEO of Greenbriar. I've done my research on the CEO, Montalva and Sage. Jeff can be abrasive and over confident. If your only research is listening to his side of the story then you're doing yourself an injustice. You also need to listen to the decision makers, PREPA, PREB, FOMB and the Tehachapi planning commission. If you reallocate your time from bashing to looking up public filings you'll see that Montalva is a real project. So is Sage. (Alberta is a wild card and consider it a bonus if it pans out). Both are in the final stages of approval. After the recent FOMB fiasco, Montalva now needs to go through PREPA's Request For Proposal (RFP) process. According to RFP Guidelines the timeline for approval is estimated to be mid October.
Sage was just granted a 6 month extension a few weeks ago to prepare a revised water supply assessment. Here's a quote from the Tehachapi planning commission's March meeting:
"Recent discussions with Tehachapi-Cummings County Water District on city-wide water issues and work on the 2020 Regional Urban Water Management Plan has triggered the need for preparation of a revised Water Supply Assessment. Although the entire length of time is not likely needed, staff recommends that the planning commission approve an additional 6 months extension to the applicant to complete the WSA, EIR and submit the Final Master Plan."
Both projects should be approved this year. Sage could be approved at April's meeting on the 12th, or May's meeting on May 10th, but it seems it shouldn't take longer than August.
As mentioned, Montalva could be approved in October.
Both could be approved sooner or later since we don't know what obstacles may pop up, or be removed.
This is called uncertainty. Stocks hate uncertainty. The shareprice will go down during this period, as we have seen.
I have posted links to all the above agencies before, so investors on this board can follow the ongoing story that is Montalva and Sage. Some have used them, others obviously have not. To each their own.
As investors we must weigh risk to reward. It seems there's quite a few that feel the CEO is the biggest risk, not the projects under his control. This is a valid point. If you believe the leadership of a company is the weak link you probably shouldn't give them your money, or perhaps adjust your position size accordingly.
Lastly, these are massive projects. They take time. Time value of money is important as well. I don't blame anyone for selling and reinvesting elsewhere while Montalva and Sage experience delays.
GLTA
Comment by
Goldy63 on Mar 31, 2021 7:44am
Totaly agree with you Who . I am not bashing Jeff just looking for answers and facts if they can be provided in public as all the info I posted is public . We all just want to make some money. Good day all . Cheers .