Nevada Geothermal Power Inc V.NGP

RE: EIG Global Energy Partners Agreement (Jan 16,

[bluelaser1]

It seems to me that this new EIG agreement, when completed, represents a big improvement in Nevada Geothermal Power's fortunes. They will no longer be saddled with a large debt at 14% interest, but instead they will  receive $500,000 to pursue their other interesting projects, such as Crump-Geyser and work on their California properties. They are also to be paid to run the BM geothermal plan for a year. Have they have been given a new lease on life? IMHO they have.

[OneEye]

bluelaser - Improvement, Really?  They just handed over their one and only operating project - an abject failure of management, and $500k isn't even close to enough cash to get started on a new project.  Who is going to give these guys any new money?  They will spend the cash to pay salaries as long as it lasts. With low natural gas prices and the economy in

[bluelaser1]

Thanks OneEye for mentioning a point that could be confusing.to many.  I think we can all agree that the failure and loss of the BM project was a really unexpected and disheartening thing, and it's understandable that many investors, such as yourself, are discouraged. Lots of people lost money (including myself). For quite awhile I thought that this company was just going to go broke and