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Screenshot of the project from the Public Procurement Agency site. It’s not changed at all since it was announced in 2017 that 3Power Shala won the new concession, even with the signing of the contract last April (I looked at it several times in 2018), so who knows if it will. But pay attention to this site to see...search for “Shalë” in the Contract Notice section of http://app.gov.al/home.
I believe that since the new concession agreement took out the areas that were argued to have negative environmental impact, we should be fine. But as we’ve mentioned, who really knows the timeline...
Update as of today 1/26: hard to tell what this means
Minister of Infrastructure and Energy Belinda Balluku, along with Minister of Tourism and Environment Blendi Klosi, and the deputy of Taulant Balla district, were in Gramsh, in the canyon of Holtë, where they started with the inhabitants of the area a public hearing on the issue of HEC in this canyon.
Minister Balluku said that the government has all the attention of the people and decided to have an open conversation to see how citizens see the problem and how they think it is to be resolved.
"Yesterday I informed the public about some of the measures we have set as the Minister of Infrastructure and Energy to undertake. Your case is more specific and since our government has all the attention to the people, we decided that the first thing to see was to come here to have a hearing, an open conversation with you. I said yesterday, it is a perfect balance between economic development and the protection of natural resources, because it is virtually the greatest asset we have, "Balluku said.
The Minister explained that he has taken the decision to suspend all activities of the HPPs that are licensed or are in the process of licensing to make a clean scanning of their legal status.
"So they have legal and contractual compliance, that is the contracts that have been signed if the subjects are bound to these contracts either by deadlines or by technical terms, but of course we have a very important criterion that is compliance with the impact environmental issues that they create. You have to be calm for the moment that we have undertaken not only for you, but for all the situation created with HECs to date a hint of listening to this problematic. We have an interest in listening to what you think about both the solution and the impact it has created, "Balluku said.
Further on, the Minister stated that investments in this country are welcome, because they stimulate the economy, but a balance must be found.
"The procedure has been suspended, because all HPP procedures have been suspended. This is an action that will be undertaken for all HPPs to prevent all issues. As my colleague Mr. Klose said, we are to protect the public interest and the damage if it is greater to the national wealth or the people who are here, this for us is very important and we are sensitive to this point. Here is a reaction from the residents and it is not small, "she explained.
While Minister Klosi underlined that we will always be in the service of people and that we will take fair attitudes in accordance with their opinion. "Even the suspension we made yesterday for investments in this hydro power plant is an expression of the obedience that state institutions have over the direct opinion of the people they live in. We have nothing against private initiatives, but private initiatives must go with the best of all. For us, the biggest interest group is the citizens, and for us what people think is the biggest interest group, "concluded Klosi.
Also, MP Balla said that even if 1% of this HEC damage in this natural beauty will be intolerable to build. "Any economic asset of natural resources that we have should have the function of the economy. We have come here to be on the side of people, for us all our attention is for you, "Balla said.
http://www.infrastruktura.gov.al/ministrja%20balluku%20degjese%20publike%20me%20banoret%20ne%20holte%20e%20gjithe%20vemendja%20tek%20njerezit/
Thanks, good to be here. I communicated with the company (like I do on all companies I trade) and received a prompt reply consistent with what others have shared.
My .22s from last year just turned green after loading .016-019s a couple days ago. I know not everyone has the free cash to avg down, but would help you enjoy the ride if you could :)
Yeah I think dormant is the operative there
Perhaps this could really be a blessing in disguise. Fastracked or new projects in stable governments - I'll take either!
That would be stellar!
I have emailed the company for an update on the impact. I am doubtful I will get a response as they probably don't even know yet. Might have to call next week.
Wow just catching up here
Yeah to whoever got those 9s!
“Minister Balluku emphasized that she will continue the projects launched in key areas and strategic sectors and wished success to be the best accomplice of the common journey.”
http://infrastruktura.gov.al/znj-belinda%20balluku%20emerohet%20minister%20i%20infrastruktures%20dhe%20energjise/
The market maker ETRF mostly routes retail orders for many brokers (more than just e*trade clients) which are investors like you and me. To see a market maker like ETRF out of the active price action during regular trading hours is rather odd, and especially to jump up to such a high price from the current one. It doesn’t mean anything in particular other than that ETRF has no active orders to sell at this current price point, which to me means that we are locking/have locked the float. Think when major buying pressure comes from retail buyers - if ETRF and potentially other MMs don’t have the adequate shares from their own stash to fill orders, the “squeeze” will hopefully drive the price higher as everyone looks for shares (either at that time or later if they sell short and have to cover), assuming all of us continue to stay unwilling to sell at a lower price.
No need - its a business suite where multiple companies can rent space for meetings, receive mail, answering service, etc. I have a client in the building so that's how I know. Hence the reason why I emailed Shlomi and asked to speak with him since I knew the office & phone number weren't going to lead anywhere productive.
Was nice to see ETRF at 3.18 and 1.20 earlier in the week. Means float is locked and REAL THIN for when we get going.
Nice cut and paste...just change pps and OS numbers and bam, you've got yourself some scared money shares!
No need for such extremes. I dont think anyone in their right mind is looking for .25 (which would be an outrageous 625 bagger from here). 10 - 15x from trip 4 is 004 - 006 which is $8-12 mil market cap, and thats assuming the OS continues bloating up to 2 bil. With the right news it could easily get there.
When I asked if we should expect an update within a month or two, he said no, no, much sooner. Another poster here received an email from him saying second half of Jan (as I have seen proof of that email on twitter). If we don't hear anything by first week in Feb, then it may be time to inquire. All IMO of course.
Received an email back from the TA. Share structure will be updated on OTC Markets tomorrow morn.
I am personally expecting 1.5-1.75 billion OS.
It doesnt matter what I think, it only matters if they follow through on what was alluded when we spoke.
My opinion is that talk of cleaning up the balance sheet and what I perceive as a focus on future involvement in the business does not lead me to believe a buyout is happening. But if there was one in the works, I wouldn't "give the whole game away" to a random investor that called me, either. Take it as you will, or better yet, send him a well written note and ask to speak with him.
I did say a few days ago that conversions from the toxic loans were not finished yet...
I believe it to be closing on the Holland project and non-dilutive incoming cash flow associated with it somehow. But what do I know, right?
Rahman and Falaknaz at their sign & graphics show this morning in Dubai:
https://mobile.twitter.com/sgidubai/status/1084421145011601408/photo/1
I have to agree with you on
this. By my estimation, the OS will be between 1.5-1.75 billion when the notes are all converted. This is based on my conversation the other day when I asked him how many conversions were left.
Timing is always the key. Even with the OS that large, the current market cap and subsequent share price *would seem* to be quite low, in my opinion. And especially with a positive update pending, I think the risk/reward to trade this is pretty good.
It's not that difficult to call and ask him how many more conversions are left...
The engineering report has not been received yet. I called this morn. I was told to email any other questions so they could go to the attorneys. That is, at least in part, due to my previous call. No one got in trouble, but it confirms they are taking this much more serious than in the past. Looking forward to the upcoming 8ks!
Spoke with Shlomi yesterday. According to him, there's a major cash infusion announcement coming very soon (likely the Holland deal imo). 2019 cashflows will be used to clean up the balance sheet. He knew that going the toxic financing route would kill the stock short term but had to gut it out for the $1.5 mil in total loans provided to keep things moving until this deal closes. Way undervalued here, even with the notes converting. They're not done converting yet either, but I wouldn't want to miss an entry like this if you're still on the sidelines.
Been reading the board for a couple weeks but didnt want to post until I spoke with Shlomi and loaded up. I'm a "boots on the ground DD" kind of guy and a straight shooter, for those that doubt my communication with him.
Haha I guess...nothing's changed though - still Mohammed and Sharif, so they're not giving anything away. Shouldn't surprise anyone.
Filed the annual list today with Nevada SOS.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=edQVDEOyd14Pu94MlD0CQA%253d%253d&nt7=0
It's just the notice that the old Irish sub 3Power Energy Projects PLC is now officially "struck off" and defunct like we found out in Sept when Wolfgang filed it. It is a sub that is no longer needed, apparently, and has nothing to do with the current happenings with Shala, etc :)
I doubt we'll see an update on the project or financing until after SGI Dubai which ends on Jan 15th since its run by IEC which is one of Sharif's main companies.
Good to see you here. So far, the 8ks have followed what's on the news & activities section of the site. Maybe we have another filing soon in reference to Albania's renewable electricity production (the last news snippet)?
What's new in your world these days?
Well it wasn't 2s last year. I loaded 4s, 5s, and 8s. 2014-16 were the "hard years" I believe...I rarely looked at this then and didn't have cash either. The original concession was cancelled in Fall 2016 so I think there was a big dip then as no one knew if they could revive it.
Was just researching this. Here’s an example of another Chinese EPC +F hydro project in Nepal:
http://en.silkroad.news.cn/2018/0330/90329.shtml
“As per MoU signed between DEC International and SPL, the Chinese company will finance 94 million U.S. dollars for the project. This is the amount equivalent to loans secured by the developer --SPL from a consortium of Nepali banks.
"As the estimated project cost is 150 million U.S. dollar, the rest of the amount will be injected by the promoters," Guru Prasad Neupane, chairman of SPL, told Xinhua on Thursday.”
I know this is an unrelated example, but it could help explain the €85 million in the FAQs and the additional €25 million that could be put in from Falak et al to get to the total €110 million investment mentioned as well.
Indeed. In a different place in life than I was back then. And "loaded my boat" here in 2017 for the big things that are on their way!
Blast from the past!
Might his question stem from the difference between EPC and EPC + F which is what was stated in the 8k on 11/14?
Good point, they did.
You are free to agree or disagree with speculation, no one is telling you otherwise here.
To say it's "baseless" is your opinion since it cannot be either confirmed or denied.
That's a fact.