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There is no winning in this stock, Mike did what he could. Now we just buy more and wait for the next PR stating details about the MA project.
Biomass project potential in Montana
By Lisa Gibson
Posted January 28, 2010, at 1:30 p.m. CST
Montana holds potential for two biomass projects, both in very early stages of development, but one is at a standstill after the local utility declined to enter into a power purchase agreement.
Stoltze Land and Lumber in Flathead Valley, Mont., believes the recent closing of a pulp and paper mill in Frenchtown, Mont., leaves the area’s well-developed forest products infrastructure in limbo. “It’s hanging on the edge,” said Chuck Roady, Stoltze vice president. The solution, according to Stoltze, is to build a 12 megawatt biomass power plant and use existing wood that would previously have been delivered the mill. The project hit a snag, though, when the local utility declined a power purchase agreement because of energy and feedstock costs, Roady said. “We are at a standstill,” he said. “A frustrating standstill.”
Until a PPA is secured, the project cannot proceed because no funding will be granted to a project that has no use for its end product. Stoltze has been trying to work with power company Northwestern Energy, but it would involve transmitting the energy, a problem not easily solved, according to Roady. “We have very limited transmission capabilities in Montana,” he said.
Initially, Stoltze hired consultants to evaluate the project. “We determined the best avenue or sweet spot as far as bang for our buck is a 12 megawatt plant for 12 months a year,” Roady said. Additionally, 18 megawatts would be generated during peak energy consumption times from December to February and from July to September, he added. The cost would be between $36 million and $54 million, or $3 million per megawatt, Roady said.
Besides bringing jobs and work back to the community, the plant would have several other benefits including improved forest management, healthier trees and forests that can store more carbon and wildfire mitigation, Roady said. “We live in a smoke blanket in the summer,” he added.
The company is still working to find ways around its current PPA barrier and trying to convince utilities to look beyond today and see the potential of biomass power in the future. Montana currently has cheap hydropower, at about 3.2 cents per hour for consumers. Compared with an 11 cent-per-hour price tag for biomass, hydro seems much more attractive today, Roady said.
The state could also be the home to another biomass project, this one in Chouteau County, the biggest agriculture-producing county in the state. The Conservation District of Chouteau County and the Research Conservation and Development Board are working together to determine what type of product should be developed to use wheat straw from local farms. Annually, farmers in the county generate between 50,000 and 100,000 1,000-pound bales, which is a conservative estimate, according to Mike Arnst, who serves on both boards and is also a farmer. “We’re trying to turn it into local revenue that can create jobs,” he said.
About 440,000 acres of winter wheat are planted in the county each year, not including spring wheat and barley. But this project would only use winter wheat, Arnst said. “We feel there’s a huge potential to take some of this residue off,” he said. “Right now, we’re not doing anything with it.”
The organizations are currently weighing two options: electricity production for the local community, along with export; and pellets for local use or exportation. “We’re investigating what the potential is and what options we have,” he said. No timeline has been established for release of the results.
While there has been a little skepticism and concern, numerous farmers have expressed interest to Arnst about participating. While the straw can be collected with existing equipment, Arnst doesn’t think farmers harvesting their own residue is the best approach. “We don’t want to worry about straw while we’re harvesting our wheat,” he said. Instead, young farmers who are “sitting on the fence,” he said, can get involved and contract for those harvests. “I feel there’s an opportunity for young farmers to go out and create a business out of it,” he said.
http://www.biomassmagazine.com/article.jsp?article_id=3463
Did you read my previous post from yesterday?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45960354
My only concern about moving to another exchange is what happens to my current shares in LLEG.PK. right now I have 67+million 2.5% of the A/S. How will that work out on the new exchange?
I do not want to get screwed. when the time comes I want to know all the details of what my position value will be after the rollover.
That is FUNNY
It is all a learning curve.
I agree the OTCBB is better, and will raise our awareness. But I would rather just move to the NASDAQ. Moving to the NASDAQ will cause a lot more paperwork and lawyer fees in all the SEC Sarbanes-Oxley audits. 3 - 5 years is the sweet spot to move to a Big Board.
In the mean time I am enjoying our lack of interest now. I am just trying and BUY all I can.
Duff: like I stated in a previous post, when the project is ready to be inked, this is the best time to reveal the new project. NOT BEFORE.
YES he did give a timeline about the MA project before but as you should be aware timelines on projects can change and will change with complexity. Look what changed since Make gave us a timeline on the MA project; MA placed on hold all Alt Energy REC applications... I am sure this affected us. By not giving a timeline he does not need to hear every little whimper about WHEN? WHEN? WHEN?.
Just relax and do not look at your balance for awhile.
RE:" nine more ticks down ....:).....right?"
NO 4 more to go
What is this? (The S&P currently has a PE of 132 years.)
LLEG will more than likely be classified as a utility company. Most utility companies trade at about a 10 P/E. But since we are in the alt energy category and plenty of growth we can trade about 15 - 20 P/E
ALL FAKE NUMBERS HERE:(taken from previous post)
Pre Split:
If we earned 05 cents a share and had a P/E of 20 we would be trading around $1
Post Split:
If we earned 55 cents a share and had a P/E of 20 we would be trading around $11 (Just keep in mind in a reverse split you own A LOT LESS shares at a higher price)
I am done talking about splits and stocks. I will bring it up again in a year.
Goodbye for today, there is a virus hitting I need to deal with. I hate facebook it is spreading a ton of viruses. DO NOT CLICK ON ANY LINKS IN FACEBOOK send by friends. I am addicted to Mafia Wars...my user name is KILL BILL
YES it is a bit reaching but i was making a point and they are FAKE numbers.
Agreed, but in 3 - 5 years we will be singing a different tune. All that I talked about is in a 3-5 year time frame. We will revisit the idea again after the Berlin plant has been running for 1 year so we can see what type of revenues we are pulling so Mike can UPOD the numbers to the street........ :)
Yes you are correct, that is why we need the revenues flowing 1st to hold the PPS up. It would be suicide to reverse Split without it.
Let me explain what a reverse stock split does for this company:
1) There are mutual fund managers that cannot buy OTC stocks, so uplisting to the NASDAQ will be required if LLEG is to remain a publicly traded company and get the recognition it deserves.
2) These same mutual find managers cannot buy stocks that are lower than a curtain price. It depends on the mutual fund, some microcap can go lower, but small cap mutual funds managers cannot buy any stock under $2-$3 per share. In order to get our Price Per Share up we need to slash the number of shares to get the price up to their buying radar.
3) Reverse splitting will help the illusion of better earnings: let me explain this one. If LLEG has 3billion shares (YES I calculate on full dilution, like everyone should) and let’s say we are earning .055 per share on 3billion. Let’s say we reduce the number of shares with a 1-for-10 reverse split. Now we are earning .55 on a full dilution basis. . . . . SO now you are saying "where is the illusion?" .... When reporting your numbers you only include 2 decimals in your report. So when we were at 3billion A/S we would report earnings as .05 per share and the last 5 does not show up. But move the decimal point over and now the 5 comes into play and we are now at .55. We just increased earnings by 10% . . . . I hope I explained that right.
I am not worried about the dilution and it is not a top priority for me like other investors.
I have called them in the past when I had to get my paper certificate to hang on my wall. I look at it every night and smile :)
Mike, just keep up the good work. We know you are working hard because you out of anyone want to see Laidlaw Energy succeed.
Just my thought..... When Berlin is up and running and revenues have started, a 1-for-20 reverse split and uplisting from (OTC:LLEG) -> (Nasdaq:LLEG) would make this company playing with the big boys. Even if this happens I am here for the long term and no plans on selling...... see you at the shareholder meeting . . .
I am sure the process of releasing shares is a little more complicated then calling the T/A and saying release 80million shares at a specific time.
I know it is frustrating sitting on a stock that you know has a bright future but the current PPS is under pressure.
I am sure Digi and Matt will keep us posted if new shares that are released.
We have 8 more months to pay the cost of Progress.
Thanks Digi and Matt for keeping us updated on the Dilution numbers.
The 3 stories on the Stock price is still the same:
1) DILUTION 2) DILUTION and 3) MM play
No reason to worry about DILUTION till we get close to the 3Billion A/S.
Have a good day guys and gals. See you all in Berlin next Fall :)
Simple answer to your question. Dilution
TAP I agree 100% with you, I guess the best way to put it is Plan for the worst and hope for the best.
We will all make a lot of money here in Sept/Oct and a HELL of a lot more in 2013/2014.
Laidlaw Energy is the stock of the future and we all will make a lot of money here. But the short term stock price does not represent the future company and will trade with investor sentiments. If the mood is not happy you can easily see LLEG trade lower. Since .0018 was the low in December it is reasonable to GUESS that .0018 will be bottom again given lack of news and dilution.
You have just proven you are not smart enough. I have been here a lot longer then you, and have a lot more money tied up in LLEG then what you claim.
I am self-serving; I make sure my needs are met first before anyone on a message board. I also try and help people redirect their funds to avoid taxes. Because this president will need all your tax money to pay for his stupid health care plan. It will take hard working people to pay for the people too lazy to get off their butts and work for a living, Also the border jumpers who know good old Uncle Sam will pay their medical needs at our expense .(JMO)...(I did not vote for him)
Good luck with your investment keep smacking the ASK, I see we are way up on your current trading strategy.
One Question... how is that trading strategy going for you?
We hit .0022... very close to .0018. If Mike still dilutes we can still see it on no news weeks. Just fine with me, I need more shares.
with the lawyer for the state charging $200 per hour I am sure we will see dilution all through the process.
You are such a party pooper sometimes. It is all about making money.
I use Bank Of America investment: Custodial (UGMA/UTMA)
https://www.baisidirect.com/live/AE/selectAccountType.jspv
Anyone who has kids needs to open one.
OPEN A ROTH TOO
I just bought for my kids in there UGMA account. They have 12 years before they sell
after reading this letter and finding out they will charge us $200 per hour, I can see why we might need to dilute more to pay the fees.
This application is going to be expensive
http://www.nhsec.nh.gov/2009-02/documents/100108outside_counsel_req.pdf
I agree we need to wait till Berlin is in construction and the MA project is announced. IF we can get Berlin under construction LLEG will be considered one of those turn around stocks.
I was doing some thinking and when the time is right LLEG needs to do a 1:20 reverse split. .
Just my opinion and trying to change topic a little.
LOL.... yup 27k shares. She is trying, now she is up to 90k shares
Yup, just filled my buy for a friend. all good
I can not get my .0024's filled.
Someone please sell, I will be your best friend :)
Can not get filled at .0022
Thanks, Using charts is good but they need to keep in mind the company information. I still stick with my .0018 prediction.
What does "You will also see if we erred badly in our previous BUY signal"
What is an erred?
They do not know anything about fact or fiction of a company, they are just a bunch of traders with doji heads looking to take your money.
Stocks do not trade on revenues; they trade on future potential revenue growth. Our revenue growth potential is huge.
No reason to worry about dilution till we get within the 3billion A/S. Then we can worry about a secondary offering that will obliterate the stock to junk.
If you did not buy all at once you would be happy now buying more shares at this cheap price.