Hmmm...the dreaded 'going concern' warning. Let's play Name-the-Crony! It's Nevada, so Harry Reid immediately comes to mind.
Their web-site is NOT updated.
They had damn well better get that done - NOW - or face criminal prosecution.
(tongue-firmly-in-cheek - as in fat f'ing chance - given their political connections.)
Hmmm - Four to Five properties - Only one operational ... and that one is heavily in debt. The 'hundred million' is just a tad more than '100 million' ....
From their 'Blue Mountain' page:
In 2009, NGP was awarded a US $57.9 M ITC grant from the U.S. Department of Treasury for the Faulkner 1 geothermal power plant as well as an additional US$7.9 M for well field expenditures completed post application in July 2011. In addition, NGP closed a US$98.5 M loan at 4.14% in September 2010, with John Hancock Financial Services back by the US Department of Energy with a loan guarantee for 80% of the loan amount.
Let's see 57.9 + 7.9 + 98.5*.8 === what was that ... this is something DIFFERENT .... hmmmmm mebee sew ...
Political Don-ees anybody ? Do we really even NEED to look ?
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