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HI Digi
So far you have been correct, I am not smart enough to know what you know.
I had to back off some of my buys at 13/14 to pick up a little ABB today. I have only about 3mil set to buy between 12 and 11 with the end of the Q on Monday I can not use margin. I think we might have to wait till Tuesday to see buying ;) JMO
FYI
["We'll own the assets and lease them back to Laidlaw at closing," said John Halle, president of HH Capital]
I have PDF is anyone want one, just send me a PM. should be on the web
Laidlaw in biomass deal
by Christine Idzelis Posted 04:15 EST, 12, May 2008
Biomass power plant developer Laidlaw Energy Group Inc. said Monday, May 12, it agreed to buy the assets
of the former Fraser Papers pulp mill in New Hampshire from North American Dismantling Corp. and will
convert the mill into a biomass plant in a deal valued at $100 million.
HH Capital Advisors LLC is investing $100 million of debt and equity to fully finance the purchase of the assets
and back the Berlin, N.H.-based mill's conversion into a biomass-to-energy plant.
"We'll own the assets and lease them back to Laidlaw at closing," said John Halle, president of HH Capital, a
North Hampton, N.H., investment boutique that targets power and infrastructure projects.
It will be among the largest biomass-energy facilities in the U.S., generating 60 megawatts of renewable energy
to the New England power grid, according to Michael Bartoszek, Laidlaw's president and CEO.
As part of the sales leaseback agreement with HH Capital, Laidlaw Berlin BioPower LLC will run the plant, which
is expected to burn more than 700,000 tons of clean wood chips per year.
In the Northeast, wood chips cost about $30 a ton, said Halle, much less than in the West, where the price runs
as high as $90 a ton.
And there's plenty of woods in New Hampshire, which is about 87% forested, according to Bartoszek.
Known as "the city that trees built," Berlin has been devastated by the shutting down of its paper and pulp mills,
said Halle.
North American Dismantling purchased the 130-acre paper mill from Canada's Fraser Papers Inc. in 2006,
looking to extract value from scrap metal on site, said Bartoszek.
Laidlaw, seeing the mill could be readily converted into a biomass facility, asked the demolition company to
spare some of the assets, he said.
In early 2007, the company ran a limited sales process in which Laidlaw "beat out" interested buyers Duke
Energy Corp. and NRG Energy Inc., he added.
New York-based Laidlaw Energy develops independent power plants fueled by renewable sources of energy,
particularly biomass. It trades over the counter under the ticker LLEG.
Closing of the Berlin paper mill deal is "imminent," said Halle, though the agreement provides up to 90 days for
completion.
A play off LLEG, Since we all know that NH needs to update there GRID the play is ABB Ltd. (ABB). The Company serves electric, gas and water utilities, as well as industrial and commercial customers, with a broad range of products, systems and services for power transmission, distribution and power plant automation.
Just a thought :)
I would buy some here in the $28s, but I have FWLT and I need to be diversified
Hi Digiholic
I cant help, I use Fidelity Trader Pro and TDameritrade and do not know how to get that info.
What trading program are you using to see live trades?
I backed off my buys to 12 and 13. We will see, good luck to all of us longs :)
AUTO can bring it on :)
New York State FYI reading on Property TAX for Woody Biomass
http://assembly.state.ny.us/leg/?bn=A08896
http://assembly.state.ny.us/leg/?bn=S06198
I will take note :) Since my cost basis is low and I am a long term investor AUTO (?) will not get my shares. I still have bids in at 14, 15, and 16.
P.S. who is AUTO?
P.S.S where do you get that 40m number?
I could not resist I had to buy another 3mil. Last time I had this feeling LLEG was trading at .0005 and I bought in heavy back then, and it payed off.
also picked up more RIO
Look at the prices of the homes (page 2). If LLEG pays off I might just buy 10 homes and give them away....LOL
I added to my position over the past few days and I am full, I rounded my position and I will hold. If they drop LLEG to .0014 I will step in again...good luck longs, we all want to retire early...LOL
OT: I started buying "RIO" the past few days. take over rummers should start up again. Maybe BHP will buy RIO...
Thanks, I am almost loaded
i still have room 4 a few more shares :)
hj mbblleg ihope they push us dp down so i can BUY more
We need to shake out the weak LONGS. this is good for LLEG as long as you can take the pain. I am not selling any of my shares :)
OT: do your own DD but IPI reports early next week and the potash fertilizer play should get a nice pop. IPI is not keeping up with the great gains of MOS/POT today, I bought some here. Like they say new IPOs rarely miss there 1st reporting quater.
Squid, Sorry it was not posted toward you, just all who keep bashing LLEG.
I am not sure how accurate that website is. I just picked up another 600K shares today. keep selling me your shares
4.2mil short is nothing. I will only get concerned when it reaches 20 - 30mil. someone had a spare $7K to protect a larger long position.
YAHOO..I am the first to post a comment on the NEW Laidlaw Energy BLOG.
http://laidlawenergy.blogspot.com/
Monday I asked management about the $10 Million Federal Lawsuit Against Town of Ellicottville, NY. they replied
"We are sorry, but the court has not yet reached a decision."
Anyone know how much longer this could take?
Will I have a total of 25,000,000 of that 1,449,023,000. Maybe we can get a rough count from everyone how many shares we hold so we can figure out the available float?
Just a thought
Does anyone think LLEG should do a reverse split? I think we should JMO
OT: ICE & ATW are hitting support lines
Picked up 200,000 to round off my holdings
I picked up a few of those :)
My bad. Common Shares Outstanding: 1,403,568,285 as of 3/04/08
Float.. anyone know the float on LLEG. The links above are useless.
Thanks in advance
This is there reply....HMMMM
"We no longer assist Laidlaw but I have forwarded your suggestion to its mngt."
Paul Knopick
E & E Communications
Make Berlin a shareholder... I feel we should reverse split 1:10 and give every resident of Berlin shares so they can feel it it a part of the community. Send e-mails to LLEG investor relations if you like that plan.
Paul Knopick
E & E COMMUNICATIONS
Public & Investor Relations
25052 Salford St.
Laguna Hills, CA 92653
949-707-5365
949-707-5376 fax
e-mail: pknopick@eandecommunications.com
Hey, guys
I am new here but not new to LLEG. I have owned it for over 1 year. I have been buying heavy @ 16 the past week.
disclosure: I am long LLEG a lot of shares