Blue Diamond Ventures Inc (BLDV)

[stervc]

With BLDV from DOCKET NOS. 09A-324E & 09A-325E...

China fan & all, below is a post I made a little while back that might support the matter of legitimacy with this particular BLDV project. I also added some more thoughts which basically is a compilation of due diligence (DD) which should help other investors to understand what just might be happening here with BLDV if things truly come to fruition.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56941177
(Edited version below)
China fan, from DOCKET NOS. 09A-324E & 09A-325E...

After reading DOCKET NOS. 09A-324E & 09A-325E, I would have to say that I agree with you. It appears that the decision and recommendation, dated November 19, 2010, was in favor of BLDV. Although it was dated for November 19, 2010 on the docket filed, it was actually filed on November 18, 2010 at 12:00 AM as indicated within the link below:

https://www.dora.state.co.us/pls/efi/EFI.Show_Docket?p_session_id=&p_docket_id=09A-324E


Key pages to note are pages 7, 8, 9, 32, note 73 on page 32, and 91.

Page 7:




Pages 8 & 9:






Page 32 & Note 73

Before reading below, understand that the Public Utilities Commission of the State of Colorado is the TEAM that BLDV and Freedom Works is a part of that is recommending BLDV and Freedom Works to be the developer to construct the 198 megawatts (MW) wind energy facility of new renewable wind energy generation that will interconnect at the San Luis Valley Substation. The motion for BLDV and Freedom Works to intervene was granted by the Administrative Law Judge (ALJ) within Decision No. R09-0868-I as indicated above on Page 7.

What’s being said below here on Page 32 is that the ALJ is simply saying that although the Public Utilities Commission of the State of Colorado is including BLDV as part of their recommendation, she as the ALJ, will not automatically draw the inference that Blue Diamond supports the Project because of BLDV not showing up for the hearing. The ALJ noted that she would presume that in its response to SOP at 6, Tri-State states that Blue Diamond’s support for the Project “is evident from its earlier filings” in this proceeding. The ALJ is simply making it known that ”she” knows nothing about BLDV and that ”she” is simply supporting whatever the Commission recommends.





This means that it is very important to understand that it was "NOT" the Public Utilities Commission of the State of Colorado who declined to draw the inference that Blue Diamond supports the Project. Instead, it was ”only” the Administrative Law Judge (ALJ) who declined to draw the inference since BLDV had not participated within that particular proceeding.

Well, about that particular proceeding, the ALJ was simply stating that although she failed to draw the inference of BLDV supporting the project because of them not being at that particular proceeding, it is also known that them being there was not mandatory as it was duly noted by the ALJ within that same Note 73 on Page 32 that…

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56941177
… The ALJ notes that, in its Response to SOP at 6, Tri-State states that Blue Diamond’s support for the Project “is evident from its earlier filings” in this proceeding. …

Again, the ALJ is simply saying that ”she personally as the Judge” has no knowledge of BLDV supporting the project. However, she made it known that BLDV’s evidence from their earlier filings was noted too for sufficing to confirm that they support the project and justifies why it was not required for them to be present at that particular proceeding. It doesn’t matter that she doesn’t know of BLDV’s consideration to support the project because what matters is that the Public Utilities Commission of the State of Colorado knows since they are the governing authority for submitting the docket/report/filing which clearly shows that they believe and are supporting BLDV.



Page 91:



Above is enough confirmation for me that at least, the project is legit. BLDV and Freedom works would not have been showing up on these government filed court dockets if the project was not real. This confirms that it is very real.



The next issue of concern is financing. Investors have confirmed that the financing is back on track and is in the process of being approved from below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61335065
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61130505
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61280958
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61377805
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55861272



It was also confirmed that the special government grant had been extended throughout this year of which their project would qualify for:

http://ih.advfn.com/p.php?pid=nmona&article=46818005
…The House of Representatives in December 2010 passed a one-year extension of the 1603 renewable energy investment tax credit. Installed U.S. Wind Energy now totals 40.2 gigawatts (GW), an increase in capacity of 15% over the start of 2010. …

This means below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55859973

Example of what could happen with BLDV as what happened when Ormat received US$108m ITC cash grant for North Brawley:
http://thinkgeoenergy.com/archives/5880



Tentative ground-break as soon as June 2011 logic:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61284680



http://finance.yahoo.com/news/Blue-Diamond-Ventures-Reaches-iw-1990469231.html?x=0&.v=1
”…Blue Diamond Ventures Renewables, LLC currently owns 60 percent of the proposed $420 million Project in Southern Colorado in a joint venture with FreedomWorks, LLC, which owns 40 percent. …”

Further confirmation of the Freedom Works, LLC and BLDV union:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60906617
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60951619
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61044929
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61080823
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61130068



To further add, for future reference…

Below is the link to the Colorado Public Utilities Commission (PUC) video and/or audio broadcast feeds of its proceedings for us shareholders to hear through the Internet:
http://www.dora.state.co.us/puc/broadcast_streams/index.htm



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58926195
Moreover, it looks like the Billionaire Louis Bacon is not entirely opposed to the transmission line. As of a little while ago, he said: "Bacon, a hedge fund manager, owns Trinchera Ranch in the San Luis Valley. Wertz said Bacon supports building a transmission line, but believes other routes make more economic and environmental sense." Here is the full article:
http://www.9news.com/money/article.aspx?storyid=170416



With all that was filed above by the Public Utilities Commission of the State of Colorado, it is still not a 100% guarantee of anything, but I must admit that I like BLDV chances much better now than before that public docket/document being filed with BLDV mentioned as such in such a positive way. Things really could begin to turnaround for the better here with BLDV. I too believe that the time just might be finally nearing for more to be released to confirm whether or not BLDV sinks or swim.

v/r
Sterling