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Monday, 10/10/2011 6:09:13 PM

Monday, October 10, 2011 6:09:13 PM

Post# of 18067
Harley - I got out of NGLPF at .14 and booked a medium haircut.

I am in UURAF and would like to use that as my current wildcard.

I still think NGLPF has the chance of being a major league bagger, and the bottom might have settled in around .08 Time will tell on both accounts. The current fiscal situation does not look like it will allow Nevada to book significant positive earnings anytime soon, from my understanding of the last 10-Q pretty much all income coming in is going to pay down current debt obligations.

They have a substantial amount of money invested along with Ormat in developing projects, but once again their current debts due are not allowing them to funnel more funds into these developing projects and with the Solydra debacle it seems likely that the DOE will be reviewing their grant reciepients much closer, and with this in mind it seems probable that they might be left on the back burner for awhile considering their financial woes. DOE might be under alot more scrutiny and considering that Nevada is a GC, possibly on the verge of BK, to me it seems that they will not be recieving any additional DOE grants in the near future.

Wish I had a crystal ball in this situation because if they do survive the next year its going to be a major winner from current level.


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