Thu, Dec 25, 2014, 4:27 AM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

U.S. Geothermal Inc. Message Board

  • k.mcmacken k.mcmacken Mar 26, 2013 8:32 PM Flag

    Enbridge Ownership % on NHS

    So I just re-read the past financial statements. The original Enbridge ownership was 27% then USGeothermal needed a contingency fund to fund the project and gave Enbridge 'up to approximately 44% ownership in total'. In one of the most recent news releases, USGeothermal still didn't know the exact amount of Enbridge ownership. I have the answer! In the past financial statements, they state that 'only $2 million of the $6 million contingency fund' was used. Therefore; 44%-27% = 17% and 17% / $6 million = 2.83% ownership per million they ended up using. Since they only used $2 million; approximate Enbridge ownership of NHS should end up around 32.67%. This may be fantastic news if investors believe the Enbridge ownership could amounting closer to the 44% maximum; a possible positive surprise!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
HTM
0.4549-0.0150(-3.19%)Dec 24 1:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.