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Re: Grozny post# 75730

Monday, 10/04/2010 9:59:14 AM

Monday, October 04, 2010 9:59:14 AM

Post# of 103302
Bartoszek has already said that the sale is conditional upon approval of the PPA as well as upon securing the construction financing. In other words, two more steps before sale to NewCo;

1.) PPA approval
2.) Obtaining the balance of the project financing

I suspect step 1 will be completed in January with step 2 following shortly thereafter. You'll probably see the sale in February or March of next year (IMO). Do you still think the sale will be in the $30 to $50 million range? That seems awfully high to me but as King likes to point out I've been wrong at least 90% of the time.

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