Tuesday, July 06, 2010 2:37:43 PM
On March 31st, GS reported that they ordered the equipment for the first plant. A month later, they exercised an option on two more plants.
It was reported on the GS website that the funding was being coordinated by the equipment supplier. My read of this suggests that GS found funds outside of BGMO for the equipment.
On April 1st, GS announced that they were not going to build at Caraquet, NB as they were caught between two conflicted levels of government.
From the reading that I have done, the plant is less risky than an automotive garage that does air conditioning repairs. I also read that they have been actively chased by smaller towns on both sides of the border to put in plants.
Personally, I do not think they are desperate for $$$ as you suggest.
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