PAL does not want to avoid bankruptcy. PAL WANTS to go into bankruptcy so that the debt holders will take control of a valuable property that they can sell at a profit.
Yes, shareholders of common stock stand at the end of the line when it comes to bankruptcy. BAM holds the senior debt of PAL and stands at the front of the line. BAM will assure that PAL does not get funding to continue operations, and will therefore take ownership of the property. BAM will then sell it for a major profit.
This is a fairly high concentration, and therefore, the path to profitability is simple and direct: PULL MORE OF THE STUFF OUT OF THE GROUND!!!!!!
Well, the metal frames that hold the photovoltaics will probably last 20 years, but at the end of the 20 years, the PVs will be producing about 1% of their original capability.
The ruling regime would simply pass a law to provide funds to low-income people who cannot afford such outrageous utility bills, and rely upon the "rich" (i.e., those with an income above some arbitrary dollar threshold) to pay for the outrageous utility bills.
The current ruling regime in the United States detests coal - hence, they will attempt to undermine and destroy it via any bureaucratic means (e.g., EPA) available to them. You need to take this into account when you consider any investment in coal.
Sorry, man - didn't mean to make it personal. Hey - if you bought at $0.68, you're up big today! Always a silver lining - even with palladium. Lycka till ! (hope that's right - I used Google Translate)
Too much Absolut up there in Sweden.
I was hoping for a cold election day so as to encourage the voters of Whatcom County to vote in favor of that coal terminal. Forecast is for a high of 48 degrees.
See - there's always a silver lining - even with palladium.
Trashing America's coal industry might be interpreted as economic terrorism, which is a treasonous crime under the Patriot Act, yes?
I read an interesting article whose premise was that those who seek to destroy America's coal industry are traitors and Fifth Columnists, and they shall be made to pay for their treasons. Not sure what to make of that.
I thought that everyone in the Northwest is a Greenie, and won't allow coal terminals to be built there?