Still holding long although its tough watching the price drop everyday. I don't have any shares in my ML retirement account so I am going to add a few million when the price settles.
Here is a few updates today from MBB's blog. Looks like things are slowly, slowly moving forward.
Monday, November 16, 2009
Charlie Bass on MSNBC
Here's a member of our board, former congressman Charlie Bass, on MSNBC on Friday 11/13 talking about the economy.
http://www.msnbc.msn.com/id/31510813/#33883994
Posted by Michael Bartoszek at <A class=timestamp-link title="permanent link" href="http://laidlawenergy.blogspot.com/2009/11/charlie-bass-on-msnbc.html" rel=bookmark><ABBR class=published title=2009-11-16T15:13:00-05:00>
3:13 PM</ABBR>
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Update
I spent the latter half of last week in New Hampshire. It seemed like we had almost the entire joint venture company present for meetings at various times. It was a good opportunity for us to work on integrating our organizations via the JV.
The main point of the trip was to do a review of the EFSEC permit for our Berlin project. We went page by page through the permit and I am very pleased with the work. There are a few outstanding points where we need data from external sources, so while we are waiting for that data we will work on finishing up the remaining points and hopefully file once we have the data we need. Everyone just take a deep breath. This permit will be filed.
We have also made some great progress in other areas related to the Berlin project. We have completed our biomass fuel availability study and also completed our interconnection feasibility study. We will release the results in the near future, but I can tell you that I am pleased with the results of both studies.
With respect to other projects I believe both of our Massachusetts projects are on track to be consummated prior to the end of the year. So, what that means in practical terms is I believe we will execute a lease to take control of one of the projects and execute a purchase and sales agreement to purchase the other, subject to the seller's satisfaction of certain closing conditions.
In terms of new business, we are exploring a number of opportunities for new projects, including a former pulp mill similar to Berlin, but in the midwest. I think this project may have a lot of promise. We have also recently added to our staff focusing on new business development and new project analysis with the addition of Lou Bravakis' son Alex Bravakis. Alex has been consulting with us for a while and it is good to now have him officially on our team. Alex will be working out of our New York office.
In other news, the Yankees won the World Series in case any of you Red Sox fans missed that.