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U.S. Geothermal Inc. Message Board

  • wrenn_leaming wrenn_leaming Aug 4, 2013 4:53 PM Flag

    Ownership at Neal is it A) 44% B) 27.5% C) 30% D) 40% just trying to get an idea

    Here's the facts, page 32 of last quarter . Enbridge has contributed in the beginning a
    total of $18,924,000 for 20% and US at $13,492,000 the Company and Enbridge have made
    additional capital contributions of at $462,616 and+$13,877,000;(this includes the 5 million for additional 7.5% ownership not to exceed 27.5% ownership) ((but The impact of the additional
    contributions to the profit and loss allocation percentages could increase Enbridge’s ownership to 44%))
    ok here's the inputs I found, I'm not sure if they are taking into account interest on the loans and I'm not sure how they are doing the profit loss . A loan at - 96.8 million, ( the grant 32.749million pg-16), Enbridge total contributions 32.8 million, US total contributions of 13.9 million a (20 million BETC worth 7.36million cash pg 38) the cost of the project was suppose to be $143.6 million. I think I'm missing a few things I'm just trying to break this all down. I would like to think that Enbridge owns 31.17% .
    pages 37-38-36-32-16

    Sentiment: Strong Buy

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