Replies to post #19 on China Hydroelectric Corp. (CHC)

[king888]

I bought it today. I expect the surge in share price after Q2 report tomorow. CHC is an easy money here . Trading only at 0.10-0.15x Book value. Almost the same story as WSP expecting that hydro project has much more sustainable demand from government side

From Q1's release. Is this the same sales in the latest Chinese news?
http://finance.yahoo.com/news/china-hydroelectric-corporation-announces-record-203000445.html

The Company has entered into a non-binding Memorandum of Understanding with and received a refundable deposit from a third party in connection with the sale of a certain power project. If the sale is consummated, we expect it will provide estimated net cash proceeds of $45 million, which we believe would be sufficient to meet the Company's liquidity needs described above. The prospective purchaser is presently conducting engineering, legal and financial due diligence. It is anticipated that definitive agreements in connection with the proposed sale may be signed in July 2012.