42% shorted today
36% shorted before the 120% run.
Both sides of shorts will cover before the weekend. The shares available are going to be limited as many of the longs will hold knowing DNRG will recover and is on the right path LT but will have swings. As soon as the first large group of shorts start covering it will likely go green for the day and close. There is not going to be a flood of sellers at below .085. Jump on those shares if you can get them.
I will be adding. I expect next week there will be more news and another 100-300% day or two.
With this deal today which The RUBICON™ is expected to produce over 25.5 million kWh of clean, efficient, and reliable electricity every year. The 200MW PPA will yield more than US$1 billion in “guaranteed revenue” to Dominovas Energy over the multi-year term PPA.
$207 million guaranteed through their partnership with Delphi Automotive (NYSE) trading at $86.00
Plus the other previously announced MW deals in Africa. What is the total guaranteed now at?
expect a few more capital firms to follow today and tomorrow.
bottom is in and up from here.
will push this well over 1.00. Landmark deal and on for the books. Power Africa just make this company a serious playing in a much needed and profitable market.
On the heels of the Company's announcement just a week ago of its 3MW PPA with the City of David, which is also in the DRC, Dominovas Energy is forging ahead with its platform to deploy a technology that will revolutionize the way electricity is delivered in Africa. The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in Q4 of 2016. The 3MW installation is a continuation of what is the largest single deployment of fuel cell technology on the continent of Africa, representing a paradigm shift in the DRC's approach to addressing concerns regarding harmful carbon emissions, and to reducing the ever-expanding equipment maintenance and inefficiencies that are associated with increased costs, as are endemic with power generation from diesel generators, combined-cycle gas-fired turbine (CCGT) power plants, and other combustion-centric technologies.
The RUBICON™ will produce over 25.5 million kWh of clean, efficient, and reliable electricity every year. The 3MW Power Provider Agreement (PPA) will yield more than US$107 million in guaranteed revenue to Dominovas Energy over the multi-year term PPA.