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Redman wrote:Smash..Would you put a real chunk of your money into that venture?
You've gone from running it like CEPEP to raising capital on the market.
Transfer the risk to the public.
Secured how?
Brilliant.
Redman wrote:After listening to warwick on TV6 I think smash said it ...the GORTT seems schizoid...in their approach to getting the refinery dealt with.
Redman wrote:Well the facts support your conclusion....although now I understand that there are multiple local bidders waiting for RFP 2 to be published.
It's a lower risk time to buy than 2018.
A few regional supply points have folded
Covid is a bullet proof reason for lower bids.
But the financial position on the refinery is more than digestible..... alternative uses for the non refinery assets are starting to be pushed as well.
The_Honourable wrote:The saga continues?
It seems like that's exactly what was the plan all along. Massy Energy operating the refinery in the vein of IPSL. In terms of technical expertise, hard times from 2018 till now will guarantee no shortage of ex petro workers willing to come aboard with smaller salaries than what previously obtained at petrotrin.Numb3r4 wrote:Massey...yeah that sounds realistic.
Do you (or anyone on the thread) thinks that the Government would prefer folks like Massey in preference to Patriotic, especially when one considers the operating record and technical expertise.
Is it plausible that this was the plan all along that it would go to a Massey type local corporation anyway?
Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!
Habit7 wrote:Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!
What is with you all and this 1% talk?
You expect Tony's Mini Mart's to bid for a refinery?
we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.Habit7 wrote:Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!
What is with you all and this 1% talk?
You expect Tony's Mini Mart's to bid for a refinery?
sMASH wrote:we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.Habit7 wrote:Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!
What is with you all and this 1% talk?
You expect Tony's Mini Mart's to bid for a refinery?
pnm utter the words they not closing it, they not selling it, and they putting it up for public bidding.
Habit7 wrote:sMASH wrote:we dont expect pnm to be honest and say they closing it to redistribute the debt then pass it off to the financier.Habit7 wrote:Ben_spanna wrote:So was it govts plan all along to sell it to the 1% OR a the government of China? lets make some bets!
What is with you all and this 1% talk?
You expect Tony's Mini Mart's to bid for a refinery?
pnm utter the words they not closing it, they not selling it, and they putting it up for public bidding.
Really, when?
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