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This is correspondence via email.
DS, do not give up faith. A project such as this requires time and patience. I'm prepared to give both. No news could be good news in this case.
If you are accusing Tom of possessing insider information, then that is a serious matter. You better re-think this one.
I have spoken with him but not about the Laidlaw deal. He is very busy currently, and it should be no surprise as to why.
Aerodynamic drag does not depend on weight, but rather the density of the material / environment and also the cross sectional area.
Momentum and friction on the other hand...
I'd say the PPS is handling itself pretty well considering the sells outnumber the buys by 20:1 today
I sincerely doubt that anyone who owns a 100M dollar boiler would let it "rust away"... That just doesn't seem practical
You're about to see a 500 drop today...
Where is there money to be made on this? If a company files for bankruptcy, isn't it highly unlikely that the shareholders (last in line) will get anything at all?
Someone show me the error in my thinking?
Tom,
Well put, per usual!
Good luck to everyone today!
news about the closing of the property would put a firecracker in this things a**
If it is the agreement to purchase the Berlin site owned currently by North American Dismantling, then I don't understand how you see that scenario likely.
North American Dismantling wants to sell a property to HH Capital which will lease the property to Laidlaw. Every step of the way, somebody benefits greatly from a huge transaction.
How about we stop bickering about whether this deal will happen or not based on past experiences and start discussing the advantages/disadvantages to the transaction?
These things take time.
Matthew
What contract are you referring to?
Berlin is a far throw from being transcendent. I think the term depressed is a more accurate description.
Then again, some people don't think rationally.
Let's give this town an economic boost!
What was the point of the letter. Can you paraphrase?
By the way, these are the last 30 minutes of trading left. It is very possible that a PR will be announced before trading begins tomorrow, as was the case in the last run-up with the PSNH PR.
Jeanne Shaheen (former governor of NH, running for US Senate from NH) in Berlin yesterday:
"She advocated for fiscal responsibility, investment in the infrastructure, an end to tax breaks for big oil and companies that ship jobs overseas, an energy policy that encourages clean, renewable energy , and measures to improve health care and provide sound education."
About oil companies:
“We need to stop that and use those dollars to invest in clean, renewable energy ,” she said. “Think if we had tax credits for biodiesel and ethanol made from forest products.”
She mentioned that she has visited the Mascoma Corp. research and development labs in Lebanon where the company is doing breakthrough research in advanced cellulosic ethanol technologies.
“What a boost that would be for the North Country,” she said, noting in addition, “We also need to do something about the transmission system so that the North Country can send power to the Northeastern grid so that we can create good jobs in New England.”
TD: we gonna get a new chart today?
And that is a fine example of what the council of Berlin shouldn't do if they care about the future of their city.
If we are going to get ANYWHERE with renewable power generation, people NEED to get over this Not In My Back Yard mentality. It's bad for everyone!
What if the leaves freeze?
Ha. But in all seriousness, this time of year is absolutely spectacular here in southern NH. If you've never gotten a chance to see it, use some money made off LLEG and plan a vacation. You'll love it.
GLTA!
Just because oil prices are falling, they are still 400% what they were in the early 90's...
Alternative energy is not dead because oil prices are falling from their astronomical highs. We can't afford to wait until oil is $200 a barrel before we begin to use other sources of energy. We need to be proactive and end our use of oil and start getting our own energy from right here in the USA.
All forms of alternative energy generation are still very much in focus.
3.2 Million Buys this morning. No sells.
The rail will take a little bit of work to get it operational again, but it wouldn't take much!
I was gone for the weekend but this board got very busy!!. Whats new?
Two more trading days until 10/22
Laidlaw Energy on the BioEnergy site:
http://www.thebioenergysite.com/news/2038/biomass-power-plant-at-paper-mill
My parents still live in that region and I have not spoken to one person from Gorham, Berlin, Cascade, etc that does not want the project to happen.
This is the disconnect I'm seeing/reading:
On one side, you have the Berlin "council" and mayor that want to see Berlin turned into this majestic tourist spot, free from industry but littered with tourist amenities. On the other side you have the people of Berlin, who are struggling to make ends meet because they don't have jobs and they are watching as some less-than-reputable people move into town due to the low-income housing.
It's really a shame. Get these people back to work and get some tax revenue back to the city so it can clean itself up.
I don't understand why the residents are so opposed to a plant being there. The mill was Berlin's identity. Now it's time for some carbon-free power! This project will put Berlin on the map on the topic of alternative energy!
Interesting post by John Dodge about Laidlaw:
http://www.designnews.com/blog/Green_Engineering/1860-Biomass_Energy_Plant_planned_at_former_Paper_Mill.php
Provides a good history and even mentions the infamous Berlin "smell"
I don't believe I have been delusional at all in my posts. I am not an expert on Berlin, but I have spent a great deal of time there and I know that the East side residents should not be worried about their property values decreasing.
Berlin is already a broken area. There is no "make or break", only a chance for the area to be revitalized. Laidlaw makes sense for everyone except the poor saps trying to turn Berlin into North Conway. Its not going to happen.
GLTY
Thats interesting. I still have ties to the Berlin/Gorham area and I have not met a person opposed to the Laidlaw project. Then again, I never asked Bobby Haggart what he thinks...
Brungy,
Have you seen the east side of Berlin? There is no saving that area of Berlin from dilapidated housing because the east side of Berlin IS dilapidated housing! No one would invest near the proposed site not because of a Biomass plant but because of the extreme poverty prevalent there.
People that invest into Berlin residential property are not buying near the downtown area. I've been through there many times and that is not a place where you want to build a new house.
There is nothing that could be built where the former mill site is that would save that area from low housing costs. That area is and has always been a heavy industrial zone.
What are you trying to turn Berlin into? North Conway? It isn't going to happen. Berlin will be saved by the same industry that created it: Wood.
Berlin: The city that trees built.
Berlin is not known for its property values... actually quite the opposite. There is a lot of cheap housing available that has brought in some "interesting" people, to say the least.
Not to mention that someone sets fire to a property about once a week there...
I recommend people to visit Berlin, and see for yourself the remnants of a town that used to be great... because of heavy industry.
Tom,
Great to read your posts this morning! I think we would all agree that patience is necessary when dealing with a complex multimillion dollar transaction such as this one. It is much better to get the deal done thoroughly than in a hurried fashion.
Longs are exactly that: long-term holders.
Best of luck to everyone (including current Berlin residents!)
Are we still discussing this? Do you realize that James River / Brown Company was utilizing 1000+ tons of wood pulp per day during max operation? There is wood, and no, it will not freeze.
Public opposition holds no weight as the land is already zoned Heavy Industrial and this is a private-owned company.
article from the daily kos about Laidlaw:
http://www.dailykos.com/story/2008/10/12/134346/65
A little misinformed but does mention Laidlaw for a few paragraphs
As did I! Holding over 1M now, still looking for more this week, even as the PPS increases. This is still a great buy!
I still haven't ruled out the possibility of applying to Laidlaw's Berlin Plant if they are looking for an engineer!