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Gold/Mining/Energy : Alter NRG
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From: TheSlowLane11/9/2013 6:28:38 AM
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So, it was exactly a year ago this week that RA bought a $10MM stake in Alter for 0.32. A 100%+ gain in one year is not a bad return but I suspect he is looking for a whole lot more than that. Given that APD has placed an order for the TV-2 gasifier it confirms a few things:

- APD is now committing about $800MM of their own funds to this new line of business
- That it is, in fact, a new line of business for APD and not a one-off
- CF positive for 2014 is pretty much a given and one more order pushes nrg.to into profitability
- When TV-1 is commissioned next year, people will see TV-2 under construction right next to it

I like the fact that there is almost zero interest in this stock as it has steadily doubled over the past year. Looking for that and more next year...if all goes to plan...
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