Gold Hill Resources Inc. (fka GULD)

[Rhubarb]

Good job posting that PR, but the Link, you've added a period to the link causing it to be non functional. Try this one

http://www.ludlowenergy.com/reports/gsae.html

RESEARCH OPINION

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Ludlow Energy Ventures Issues Research Opinion on Green Star Alternative Energy Corp. (GSAE), Price Target of $8.00 per share
Last Updated: May 01, 2009 - 7:24pm EST

NEW YORK-- Ludlow Energy Ventures, Inc. upgrades its research rating on Green Star Alternative Energy Corp. (OTC BB: GSAE), a developer and operator of wind farm projects in Eastern Europe, with a 'speculative' A- rating, and price target of $8.00 per share.

Summary

Green Star Alternative Energy is working to develop more than 300 MW (megawatts) of clean electricity through wind energy, and currently looks to be establish their foothold in Eastern Europe with their new 60 MW wind project in the nation of Serbia. Talks have also begun about developing a wind mill manufacturing production project as well. The Company has been moving ahead with not only in executing their business plan, but also in establishing strong retail and price support, and bringing the Green Star into compliance as a fully reporting company. Upon potential acquisitions and capital infusions, the company may now have a window of opportunity to file and list upon a larger and marginable exchange like the AMEX or NASDAQ Small Cap.

About the Company

Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models. www.greenstarae.com

Share Structure

As of May 01, 2009, the Company current had 100,000,000 authorized, with $25 million issued and outstanding.

Green Star/Notos Joint Venture

Green Star Alternative Energy Corporation is the US side in a joint venture with Notos, Ltd., a company based in the European Republic of Serbia. From our understanding, this venture if 51% owned by GSAE, and is their formed project to position themselves in the Eastern European market. The goal of this joint venture is to develop and generate 300 MW of wind power in the Eastern European nation of Serbia, with an open potential for further projects in the region down the road.

Eastern European Wind Projects


Project Revenues

Below is projected guidance from the Company regarding future revenue projections for their wind farm projects in Eastern Europe.

2009 2010 2011 2012 2013
Revenues $392,646 $10.8 mill $38.3 mill $86.9 mill $156 mill
Net Income ($576,000) $3.6 mill $17.2 mill $54 mill $100 mill


SEC Filings and Compliance

The Company is currently considered non-reporting under the Securities Exchange Act of 1934, but has filed their Form 10 with the SEC to elect to begin reporting as a fully reporting company. GSAE common stock is currently traded on the pink sheet exchange, with anticipated goal of listing on a larger and possibly a marginable exchange.

Technical Analysis

Pending further review

Risk Factors

Some risk factors that may effect the valuation calculations in this report are the companies inability to meet fiscal 2009/2010 revenue projections, an increase in shares issued and outstanding, decrease in interest or price/sales ratios of wind power stocks, industry competition, government regulations in the US and Europe, technological advances, patent and copyright litigation, decrease in energy prices, geopolitical events, accounting changes and restatements, and legal issues. The failure to secure adequate outside funding would have an adverse affect on our expansion plan of operation and could results in a corresponding negative impact on shareholder liquidity. Investors are encouraged to consult with a financial professional before any and all investment decisions.

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Contact

Ludlow Energy Ventures, Inc.
Phone: [phone]
Email: [e-mail]





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Key Stock Statistics
As of March 31, 2009

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12 Month P/E NA | Yield NiL
Shs. outstanding 25m Shareholders NA
Shs. restricted UR Market cap. (M) $110m
Avg. daily vol. (K) 50k Inst. holdings 0%



Value of $10,000 invested 1 year ago: $NA





Dividend Data

No dividends have been paid on the common stock.
Revenues/Earnings Data
Fiscal year ending December 31

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Revenues (millions $)
2009 2008 2007 2006 2005 2004
1Q UR UR UR
2Q UR UR UR
3Q -- UR- UR
4Q -- UR UR
Yr. UR UR UR
Source: Company Press Release, and filings with SEC.